The law of supply and demand states that the market always seek equilibrium, (which is the point where supply and demand curves intersects).
If demand Increase and supply remains constant then the price will also increase.
If supply increase and demand remains constant then price will decrease.
Important:
In the Wyckoff Method understanding how price and volume relates to each other, is crucial for grasping (acquiring) the market situation (knowledge).
There are two types of Supply & Demand:
Aggressive Supply & Demand Buyers and Sellers are actively executing their order at current market price.
Passive Supply & Demand Buyers and sellers are executing limit orders or waiting for the price to hit a specific area to enter.