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.
Praveenji, as said my charting knowledge is nil I am requesting you to pls post your view on Axis Bank scrip, any side trade set up can be done. Usually I like to find Gap filling trades looking at charts and now going through some of your posts getting interested in learning your method.
praveen.bhatiya
⋅
@theeye, I use some setup regularly which you can find in my posts. If you have any query in leaning feel free to ask I would try to address.
UnknownUnicorn646072
⋅
i think it will get a support at blue line
UnknownUnicorn646072
⋅
it is very much helpful to me thank you
praveen.bhatiya
⋅
@rupambose32, Glad to hear that it helps you. Please practice with this simple but effective center line created by multiple pivots later I would explain other methods of drawing Centerline as recommended by Dr Andrews.