PBFintech - Mapping a script using Pivots, CPR and MoneyFlow Hey Pivster's
Here, I have tried to demonstrate how you can use the money flow in the market to map the script alongside its basic price action which eventually leads us to some interesting zones in the journey which are being classified as the 'buyers' or 'sellers' zone depending upon the situation of the price and money flow statistics present at that very juncture!
Moreover, due to limited time we quickly dived in to see the confluence of these zones (current stop) along with Pivot Points of multiple timeframes in a single tab which give us an additional boost to our analysis and make the trade refined apart from the standard information available in the market.
NSE:POLICYBZR (MTF PIVOT CHART) -
NSE:POLICYBZR (CPR TRAILS CHART) -
NSE:POLICYBZR ( DAILY TF CHART ) -
Thank You!
Pivotboss
$MAR rejecting important levels for new ATH?ANALYSIS:
$MAR last trading session showed great rejection candle off last year high and previous month low.
After pulling back to Pivot Based EMAs, price closed just above slow PEMA.
The rejection is supported by low volume node from the composite volume profile over the last six months.
In addition, the rejection area remains highly important for $MAR since major tests occurred in Feb '18, Dec '19 and Mar '20 (ref. weekly TF)
EXECUTION:
Scaling into the position by executing an entry with 50% trade allocation at/near the last session's mid point (153.18), if price opens above it on Monday 22.11.
Add to the position by executing an entry at/ near the absorption zone (mid point of rejection day) on Day 2.
Finish scaling to defend your position should a failed new low of days 1 and 2 develop on Days 3 and/or 4.
In price closes below 153.18, exit the position.
TARGETS:
The new low of the month suggests a possible retest of month highs at 162.31 with further extensions up to 165.50.