Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Red Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5
Both CPR and third layer above than previous day's-> MODERATELY BULLISH
CPR is more narrower than previous day -> TRENDING day (likely)
Trading plan:
1.) If index opens above CPR and H3 is not crossed, it will touch CPR once and may oscillate between them.
2.) If index opens above CPR, it may touch R1 and H3 once.
3.) If index opens below CPR, strong selloff, L5 should be target.
4.) If index breaches H4/L4, H5/L5 likely will be touched.
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Red Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5
Both CPR and third layer above than previous day's-> MODERATELY BULLISH
CPR is more narrower than previous day -> TRENDING day (likely)
Trading plan:
1.) If index opens above CPR and H3 is not crossed, it will touch CPR once and may oscillate between them.
2.) If index opens above CPR, it may touch R1 and H3 once.
3.) If index opens below CPR, strong selloff, L5 should be target.
4.) If index breaches H4/L4, H5/L5 likely will be touched.