@Patterns
I have been trying to find the pivot point of DRO ( as above). I have a few questions about your chart above. Do you calculate the Pivot point (PP) = (High + Low + Close) / 3 and Support and resistance levels are then calculated off the pivot point like so:First level support and resistance:First resistance (R1) = (2 x PP) – LowFirst support (S1) = (2 x PP) – HighSecond level of support and resistance:Second resistance (R2) = PP + (High – Low)Second support (S2) = PP – (High – Low) etc
I have been trying to wrk out the buying point of DRO and the chart has stumped me . I wonder if you could assist me please?
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- Afternoon trading September 14
Afternoon trading September 14, page-314
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