What is SMPR?
Smart Money Price Reading(SMPR) is a methodology of understanding of price movement of institutions presence in stock market. If we identify big institution presence retail investors will have more edge and have high probability of making good profits.
Price is nothing but amount given by buyers to seller in exchange of stocks. Price moves significantly depending on the demand or supply of the stocks. If more numbers of buyers willing to buy a stock, price of that stock moves up significantly and when more sellers willing to sell a stock price moves down. By carefully observing the chart patterns for demand and supply zones one can identify the exact presence of institutions involvement in any stocks.
SMPR mainly includes candlestick patterns analysis, identifying the trends of stocks if its in upward, downward, or sideways direction, and study of supply and demand zones.