Please check below chart is example of sideways markets
1) CRUDE OIL 3 MIN. CHART :- Sideways Market
I have two question in my mind
Q 1) where i plot major pivot 4 ?
( confuse about plot ? .....at minor pivot high c ..OR minor pivot high e ......OR minor pivot high i......where??......which is right place to plot ?? )
Q 2) Can i draw resistance zone immediate above minor pivot high (i.e. c,e,g,i) OR as per theory pivot high 2 as usual
2) TATA STEEL 3 MIN. CHART
Q:- Where i plot PIVOT LOW 6??
( at minor pivot low a....OR .....at minor pivot low c.......OR at minor piovt low e....)
if i plot major pivot low in one of above three minor pivot low then how i define sideways market. ???
3)RELIANCE 3MIN CHART
Same question in my mind about reliance also .
I request to all senior , please check above chart and guide me about my mistakes and please clear my questions.
Thanks
1) CRUDE OIL 3 MIN. CHART :- Sideways Market
I have two question in my mind
Q 1) where i plot major pivot 4 ?
( confuse about plot ? .....at minor pivot high c ..OR minor pivot high e ......OR minor pivot high i......where??......which is right place to plot ?? )
Q 2) Can i draw resistance zone immediate above minor pivot high (i.e. c,e,g,i) OR as per theory pivot high 2 as usual
2) TATA STEEL 3 MIN. CHART
Q:- Where i plot PIVOT LOW 6??
( at minor pivot low a....OR .....at minor pivot low c.......OR at minor piovt low e....)
if i plot major pivot low in one of above three minor pivot low then how i define sideways market. ???
3)RELIANCE 3MIN CHART
Same question in my mind about reliance also .
I request to all senior , please check above chart and guide me about my mistakes and please clear my questions.
Thanks
1) In the crude oil chart, you can draw that resistance zone after confirmation of the pivot g, as it confirms a range inside range.
ReplyDelete2) Yes. It is a sideways market in TATASTEEL futures.
3) Regarding the chart of reliance, why do you need pivot 6 as the market turned into sideways range and you have no job with pivot count except when it is moving giving you a proper intra range trend.
Thanks a lot Jagdeeshji .
ReplyDeletethank you very much for for guidance and comments . Thanks is very small word for you .
Thanks a lot.