Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5
Market looks bearish
Both CPR and third layer below previous day's
Trading plan:
1.) If index opens below CPR/H3 and sustains it, L3 and beyond should be your target.
2.) If index opens above H3 and sustains it, go long
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5
Market looks bearish
Both CPR and third layer below previous day's
Trading plan:
1.) If index opens below CPR/H3 and sustains it, L3 and beyond should be your target.
2.) If index opens above H3 and sustains it, go long