Dear Subhadip Sir & Seniors,
This is Nifty Future chart of 31st Aug' 2018.
1) Which is the Pivot Low between candles 2,3,4,5 & 6.
2) Whether the Lower Pivot high at candle 10 is correct.
3) Whether the last pivot high is correct.
4) The low made by the candle forming Pivot high is required to be breakdown for the confirmation of PH.
5) are candles 2 to 8 inside candles? 2 nd candle is lower high and 8th candle is broken down below 2nd candles low. Is it the confirmation of PH at candle 1.
6) If a trader initiated trade yesterday (30/8/18) where he has to exit of Pivot break basis and where to initiate a Short as a pivot basis?
I am learning the basics of Pivot theory. Please clerify my doubts about Pivot.
Thanking you
This is Nifty Future chart of 31st Aug' 2018.
1) Which is the Pivot Low between candles 2,3,4,5 & 6.
2) Whether the Lower Pivot high at candle 10 is correct.
3) Whether the last pivot high is correct.
4) The low made by the candle forming Pivot high is required to be breakdown for the confirmation of PH.
5) are candles 2 to 8 inside candles? 2 nd candle is lower high and 8th candle is broken down below 2nd candles low. Is it the confirmation of PH at candle 1.
6) If a trader initiated trade yesterday (30/8/18) where he has to exit of Pivot break basis and where to initiate a Short as a pivot basis?
I am learning the basics of Pivot theory. Please clerify my doubts about Pivot.
Thanking you