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    CPR Secrets

    Uploaded by

    ratankomal1123
    good notes

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    © All Rights Reserved
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    CPR Secrets

    Uploaded by

    ratankomal1123
    29 views2 pages
    good notes

    Original Title

    CPR SECRETS

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    Download as docx, pdf, or txt
    29 views2 pages

    CPR Secrets

    Uploaded by

    ratankomal1123
    good notes

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    IF WEEKLY/MONTHLY PIVOTS ARE NEAR TO CPR, THEN THEY ARE NOT MUCH

    POWERFUL, IF WEEKLY/MONTHLY PIVOTS ARE AWAY FROM CPR THEN THEY ARE MORE
    POWERFUL.

    Jab market GAP-UP open hota hai and above R1 and PDH se bhi upper open huaa lekin uske jus uper esa resistance
    level h jo ab tk ek baar bhi retest nhi huaa h then avoid long

    Let assume market R1 & PDH ke beech me open huaa means.. reversal chances ( also check for confluence) then
    jab bhi ek 5 min ka low break then go for short.

    Same case when market gap down open huaa aur S1 and PDL ke beech me hai market ek 5 min candle ka high
    break kre go for long… here also check confluence.

    A high broken in earlier trade and then consolidation means market redy for next level

    As long as the price is above CPR, it is generally known as bullish day, and as long
    price trading below CPR known as a bearish day( for confluence you can add VWAP)

    Wider the CPR, more difficult for price to penetrate its CPR, so wider CPR has more
    powerful than narrow width CPR (

    If CPR is too narrow it's easy for price to penetrate and narrow CPR has a high rate of
    trending days (most of the time but not always)
    Whenever is CPR is too narrow I don’t pay much importance if the price comes near its CPR it can
    easily pierce it and break it, narrow CPR doesn’t offer much support/resistance

    Whenever CPR is wider, one can assume that such days could be range day (most
    often but not always) where price moves from one range to another throughout the day,

    Narrow CPR can lead to Big Trending Day and Wide CPR can lead to quite and
    angebound Day.
    Virgin CPR is one of the most powerful CPR.
    What is Virgin CPR?
    If any given Day price did not touch its CPR it will be considered as Virgin CPR for next
    coming Days

    Price respects Virgin CPR at opening compared to mid to late afternoon. That means if previous day was a
    virgin CPR, and today at the opening itself price approaches that level then that Virgin CPR works as a strong
    support resistance

    If price approaches previous day Virgin CPR in the late afternoon then most of the time it won’t work as
    strong support/Resistance and price can easily break it(Virgin CPR)

    Nearest virgin CPR is more powerful than CPR is farther (most often but not always), that means if there was
    a virgin CPR previous day to one week back then I consider it, if there was Virgin CPR 15 days or 1 month back
    and if price approaches that level then I don’t consider it as a strong support/resistance.

    Virgin CPR works as good support/resistance at opening session, not so powerfull


    support resistance at mid to late afternoon.

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