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Continuing with learning and experimenting the tools in real time trading, I am posting the price path possibility in the light of Action/Reaction method as taught by Dr Andrews. The trade has not matured yet and actual trade would emerge after forming the next pivot on CL . Practice and train your eyes to find the setup. Questions are always welcomed and I try to answer at my earliest. Those who have asked me to continue are requested to do some research on weekend and post the chart in comments for their own learning and discussion.
Order cancelled:
The aforesaid pattern didn't give entry and the pattern is invalid now. No trade generated.
Comments
Also when so much noise about Visa issue it did it's upside target to fill the gap of result day fall then it was pulled down so fast with 2 gap down openings. Now with the euphoria that Nifty will touch 8900-9000 TCS up move is needed by operators. It's just my view, may be invalid.
Is there any book by Dr. Andrews on action/reaction method you are referring to?