Two-Day CPR Relationship:
Moderately Overlapping Lower Value CPR Relationship (Descending CPR ) and Overlapping Value Camerilla3 (Descending DC3)
Can be considered as Unchanged Value Relationship as well as the DPR (for 27Jul21) is slightly lower than the yesterday's CPR (26Jul21).
Candle Close: Below Both Prior Day's CPR (26th) and tomorrow's CPR (27th)
Initial Bias: Moderately Bearish /Sideways(Price bouncing between H3 and L3 Camarilla)
CPR Width: Unchanged and it's is width is similar to 26th CPR Width
- Unchanged value infers a Sideways move similar to 26th (Price bouncing between H3 and L3 Camarilla)
Overlapping Lower Value Combinations:
Plan A1 (Moderately Bearish ) : If Opening/ 5-Min Candle opens between CPR (15831-15845) and S1(15783), Wait for a pull back to CPR and Take a SHORT Entry upon BEARISH Candle Confirmation. Target can be S1 or between 50% of S1 and S2. This should be a quick scalp opportunity. To be precisely, one can book Profit at L3 15798 as it's a PDL as well.
Plan A2 (Extremely Bearish ): If Opening/ 5-Min Candle ( BEARISH ) closes below S1 (15783), Take SHORT entry upon the break of First 5 min's candle Low. One can place a SHORT or SELL STOP LOSS Order below Day's low if the first 5 min candle closes below S1 and there is a consolidation happening around S1.
Railway Track Pattern (RTP) works very well in this case.
Plan A3 (Moderately Bearish ): If first 5-Min candle closes above CPR (15831-15845), then Price may take RESISTANCE at R1(15880) and continue it's down-ward move. Observe Candlestick formation and take SHORT Entry upon BEARISH Candle Confirmation at R1 (15880). Target can be 2R (2 times Risk) or CPR or use trailing SL.
Bullish Combinations:
Plan B1 (Moderately Bullish ): If first 5-Min candle closes above CPR (15831-15845) and Break R1 (15880) and PDH decisively, then reduce trading capital to 50% and take a LONG entry based on the BULLISH Candle confirmation at R1. Can apply RTP Technique.
Plan B2 (Extreme Bullish ): Candle opens/First 5-Min Candle above R1 (15880) with a GAP-UP and above PDH, Price may take Support at R1(15755)/PDH and move it's up-ward journey. Take LONG Entry upon BULLISH Candle Confirmation at PDH.
Strategies to be deployed:
- Open Drive ( Bearish )
- Open Drive Rejection (Bearish)
- Pivot Pressure Trade - PPT ( Bearish / Bullish )
- M Pattern ( Bearish )
- W Pattern ( Bullish )
- Swing b/w H3 and L3
- Virgin CPR Reversal
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Moderately Overlapping Lower Value CPR Relationship (Descending CPR ) and Overlapping Value Camerilla3 (Descending DC3)
Can be considered as Unchanged Value Relationship as well as the DPR (for 27Jul21) is slightly lower than the yesterday's CPR (26Jul21).
Candle Close: Below Both Prior Day's CPR (26th) and tomorrow's CPR (27th)
Initial Bias: Moderately Bearish /Sideways(Price bouncing between H3 and L3 Camarilla)
CPR Width: Unchanged and it's is width is similar to 26th CPR Width
- Unchanged value infers a Sideways move similar to 26th (Price bouncing between H3 and L3 Camarilla)
Overlapping Lower Value Combinations:
Plan A1 (Moderately Bearish ) : If Opening/ 5-Min Candle opens between CPR (15831-15845) and S1(15783), Wait for a pull back to CPR and Take a SHORT Entry upon BEARISH Candle Confirmation. Target can be S1 or between 50% of S1 and S2. This should be a quick scalp opportunity. To be precisely, one can book Profit at L3 15798 as it's a PDL as well.
Plan A2 (Extremely Bearish ): If Opening/ 5-Min Candle ( BEARISH ) closes below S1 (15783), Take SHORT entry upon the break of First 5 min's candle Low. One can place a SHORT or SELL STOP LOSS Order below Day's low if the first 5 min candle closes below S1 and there is a consolidation happening around S1.
Railway Track Pattern (RTP) works very well in this case.
Plan A3 (Moderately Bearish ): If first 5-Min candle closes above CPR (15831-15845), then Price may take RESISTANCE at R1(15880) and continue it's down-ward move. Observe Candlestick formation and take SHORT Entry upon BEARISH Candle Confirmation at R1 (15880). Target can be 2R (2 times Risk) or CPR or use trailing SL.
Bullish Combinations:
Plan B1 (Moderately Bullish ): If first 5-Min candle closes above CPR (15831-15845) and Break R1 (15880) and PDH decisively, then reduce trading capital to 50% and take a LONG entry based on the BULLISH Candle confirmation at R1. Can apply RTP Technique.
Plan B2 (Extreme Bullish ): Candle opens/First 5-Min Candle above R1 (15880) with a GAP-UP and above PDH, Price may take Support at R1(15755)/PDH and move it's up-ward journey. Take LONG Entry upon BULLISH Candle Confirmation at PDH.
Strategies to be deployed:
- Open Drive ( Bearish )
- Open Drive Rejection (Bearish)
- Pivot Pressure Trade - PPT ( Bearish / Bullish )
- M Pattern ( Bearish )
- W Pattern ( Bullish )
- Swing b/w H3 and L3
- Virgin CPR Reversal
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Comment:
Look for Plan A3