I am introducing today Action/Reaction trading method as taught by Doctor Andrews (invented the famous Pitchfork method) with an example. The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between. Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing an action line, It is labeled Action line. Next, a parallel line is drawn at the same distance from the C/L as the corresponding Action line. Andrews has observed that prices are likely to stop or reverse at Reaction Line. Please feel free to ask in case of doubts, I would try to answer at my earliest.
it is also target reached going towards reaction line,reversal are accurate,this is called good technical analysis,all are post about nifty correction,but you have a confidence due to knowledge,and give jindal to buy,we will learn this method,sir truely i am telling before i learn other things,but i have no interested of andrews pitch fork method,my interest growing on this method,and coming two weeks i try to learn it from internet and also your post are needed
sir i didn't understood, could u please please explain more, or post a new chart..
praveen.bhatiya
⋅
@asif06542, I would prepare and post one more charts with one condition that you are committed to learn.
asif06542
⋅
@Praveen.bhatiya,
sure, sir i am committed to learn,i don't blv in calls suggestion ideas..i always try to learn from everyone.. and thank u for posting..
praveen.bhatiya
⋅
@asif06542, Asifji one more with AR leaning as you have requested.
padiyara
⋅
Congrats : it was very convincing and so obvious. Nice trade.