second step of your analysis.
- Identify the trend in the trading timeframe, ie. Up/Down/Sideways.
- If the trend is Up/ Down, mark the trend violation pivot.
- If the trend is sideways, draw range support and range resistace As per second step i try to find trend in Trading time frame (3 min.chart) . i try to find there pivots and tvp and try to numbering them , please check it its right or wrong , if anything want to change please correct it .
BANKNIFTY 3 MIN. CHART
CRUDE OIL 3 MIN. CHART
In above crude oil chart Sideways movement in square is correct ? , i am not confident about it . If it correct then where to draw S/R zone ? ...i will draw support zone @ pivot 7 but what about resistance zone ?? .can its valid @ pivot 8 OR at pivot6. i am not confident what i draw on above chart , i think anyone inspection it , and tell me its right or wrong ...OR show my mistakes . thank you In above three chart i am consufe about where i mark sidewayvs market. ..is any chance in above three chart of sideways market . ?? please senior tell me
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