Scribd
Upload
410 views

CPR Tricks Intraday

The document outlines three scenarios for how the opening of the first five-minute candle can indicate the type of trading day: 1) If it opens above R1 or below S1, it will be a trending day. 2) If it opens between the CPR and R1 or CPR and S1, it will be a range-bound day until R1/S1 or the previous day's high/low breaks. 3) If it opens exactly at the CPR, it will also be a range-bound day with candles potentially reaching S1/previous day low or R1/previous day high.

Uploaded by

Ayesha Mariya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
410 views

CPR Tricks Intraday

The document outlines three scenarios for how the opening of the first five-minute candle can indicate the type of trading day: 1) If it opens above R1 or below S1, it will be a trending day. 2) If it opens between the CPR and R1 or CPR and S1, it will be a range-bound day until R1/S1 or the previous day's high/low breaks. 3) If it opens exactly at the CPR, it will also be a range-bound day with candles potentially reaching S1/previous day low or R1/previous day high.

Uploaded by

Ayesha Mariya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

1.

OPEN Above R1 and Below S1

 If opening first five minute Candle Above R1 or Below S1


It Will Be a “TRENDING DAY”

2.OPEN Between CPR- R1 OR CPR-S1


 If opening first five minute Candle are between CPR- R1 or CPR- S1
It Will Be a “RANGE BOUND DAY”. Until R1/S1 or Previous Day High/Low
Breaks
3.OPEN Exactly At CPR
 If opening first five minute Candle Exactly inside CPR
It Will Be a “RANGE BOUND DAY”.
 Candles May try to reach S1/Previous Day Low or R1/Previous Day High

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy