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theapextrader7

Educational Magnet trade

Education
DR REDDYS LABS (NSE:DRREDDY)  
theapextrader7  
NSE:DRREDDY   DR REDDYS LABS
Chart Patterns Technical Indicators Pivot Points centralpivotrange
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chartpattern indicator pivotpoints centralpivotrange
According to Franklin Ochoa , on of smooth riding trading strategy - Magnet trade. There is high probablity that CPR (central pivot range) acts as magnet for prices when:
a)price opens gaps up towards R1 and there is test of price at R1 level
b)price opened gap up to immediate resistance
c)previous day close is near to current day CPR
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