praveen.bhatiya

Learing Action/Reaction Methods.

NSE:TATAMOTORS   TATA MOTORS LTD
With reference to my previous post on this subject some mates have shown interest in leaning and waned to make it more clearer so I have prepared another chart with 2 Action/Reaction Set. One has captured the top beautifully and another one is in action so we can observe the outcome in coming days. Any Queries/Question are welcomed. The steps required
1. Draw a line passing thru minimum 3 pivots (if passing thru Gap it works better)
2. clone the line and paste in on last high/low(Action Line).
3. Copy the line and paste in equidistant to the Action Line. Andrews has observed that prices are likely to stop or reverse at Reaction Line.