As per my analysis, NSE:RESPONIND retracement as been complete and now ready to move again for upside. Price already given strong breakout above 292 with strong candle. Best buy level to take entry will be 293 (Have to wait for retracement). Strict Stop loss would be 268 (-25 points risk). Expected upside target would be 332 (+39) & 370 (+77). This could be low...
buy above high of breakout candle at 164.55 stoploss at 151.4
Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is...
Here a chart of S&P500 from late 1993 to late 2018 on a monthly chart as indicators for major pullbacks. MACD has fastest response, CCI next, DPO also good but laggard for people still holding.