2 MA Method- easier part of "Pivot Method"

Subhadip

Well-Known Member
#13
Now some questions:



At bar 7 Decline started?

At bar 8 Decline started?

Is high of bar 6 Minor pivot high?



Answer is already been discussed in that thread: so just answering to all:

No, at bar 7- inside bar.

NO ,after low of bar 8 broken we can say that decline started; not now.

Yes, bar 6 high is minor pivot high (mPH)
 

Subhadip

Well-Known Member
#14
It can go like this also:



Yes it is Rally

It is a decline without confirmation.

In this case, I can say in this way - the rally was paused before continuing upward direction again.



Now imagine this situation.

Till Bar 6 - no problem- Rally continues.
Bar 7- Inside Bar
Bar 8- breaks the low of the low of bar 6- Decline started- but Decline not confirmed yet.

Bar 9- breaks the low of Bar 8- Decline confirmed- and the high of Bar 6- becomes mPH.

Hope it is clear now.


 

Subhadip

Well-Known Member
#15


Answer- Decline not started yet- in refined language you can say that-End of the Rally is not confirmed.

It is Outside bar



Answer: Yes, Decline started and Bar 6 high is mPH.




Bar 6 high- MPH
bcoz low of 5 & 6 taken out
 

Subhadip

Well-Known Member
#16
Till now i have told what is Rally & Decline.

This much along with some knowledge of Minor pivot is sufficient for earning in 2 Ma method.

Posting some charts.

all basics..
 

Subhadip

Well-Known Member
#19
Dear Subhadip,
You have marked A in 60m tf on 26/11.But in 15m tf,you have marked entry point on 24/11.(refer post no.6)
Entry over point A....which is on 26th
 

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