,
5 tweets,
1 min read
Read on Twitter
#PIVOTS Do you know? There are 4 types of CPR relationship vis a vis Prev day cpr; 1)HB ( today’s cpr entirely above prev days cpr) 2) OHV ( today’s cpr partially above prev day cpr) 3) LV (today’s CPR entirely below prev days cpr) 4)OLV (today’s cpr partially below ....
....Prev days cpr) 5) IV (Inside Value) (Today’s cpr is within Prev day’s cpr) 6) OV ( Outside Value ) ( Today’s cpr is engulfing Prev days cpr) ; Each of this relationship denotes a clue; 1 is predominantly bullish, 2 mildly bullish, 3 bearish, 4 mildly bearish.....
....5 possible trend day, 6) possible range bound day. Closing price point adds further strength to the above clues, for eg I case of 1 of price closes above the cpr, the bullish view is strengthened.....
.... The most important setup is the one that provides a clue on possible short covering; If the CPR is of LV relationship (lower value) + Prev days price action predominantly below prev cpr + Current price action cuts through the current cpr....
...... CPR can be of daily tf or 125 min tf. You can test the same visually and tweet your observations here.
