I am introducing today Action/Reaction trading method as taught by Doctor Andrews (invented the famous Pitchfork method) with an example.
The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between.
Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing an action line, It is labeled Action line.
Next, a parallel line is drawn at the same distance from the C/L as the corresponding Action line.
Andrews has observed that prices are likely to stop or reverse at Reaction Line.
Please feel free to ask in case of doubts, I would try to answer at my earliest.
The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between.
Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing an action line, It is labeled Action line.
Next, a parallel line is drawn at the same distance from the C/L as the corresponding Action line.
Andrews has observed that prices are likely to stop or reverse at Reaction Line.
Please feel free to ask in case of doubts, I would try to answer at my earliest.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.