Great Educational Posts by Great Traders

[Hacktheripper]

Another Great Post By: landm19
RANGES

Lets say the OIH was trading at 30.00 take away the 100.00 So the RANGE for this OIH would be 30.00 to 40.00 the mid point between 30.00 and 40.00 is 35.00 note the high of the day 135.10 or for our example 35.10 so at the mid pivot it found resistance. Now if it takes out 35.00 or 135.00 that becomes support. and it has a chance to move up to 140.00 or 40.00. So in this example 135.00 35.00 is key pivot. Now if 130.00 or 30.00 breaks we enter a new range 30.00 to 20.00 RANGE with 25.00 or 125.00 becomes a key pivot. 125.00 holds we go back up to 130.00 125.00 breaks chances are OIH goes to 120.00... Stocks move in RANGES 10-20 20-30 30.00-40.00 and so on... with the middle being an important pivot. Also another key pivot is 30.00-35.00 with the middle being 32.50 another importand pivot hope this helps


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