Saturday, July 11, 2015

STEP 2 :- Example of sideways market

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

2 comments:

  1. 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.
    2) 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.

    ReplyDelete
  2. Thanks a lot Jagdeeshji .
    thank you very much for for guidance and comments . Thanks is very small word for you .
    Thanks a lot.

    ReplyDelete