Continuing the discussion here from the previous thread………….
Saint,
Not clear here. Once the low of yesterday is broken then the latest PH is HOD of today. Should we not bring the SAR there.
Bee
Bee, hardly any difference between high of yesterday and high of today…plus, high of yesterday is a much better pivot to reverse from….so always take the higher of the two close pivots…just my two cents!!!
Agreed Rishi but what is the rule. The situation is similar in NF but the diff in two PHs is wider. I am interested in the correct procedure.
Bee
bee, from what I could understand, I think we have to go with the pivot that is very visual to the eye…so in this case, yesterday's high is a very visual pivot as compared to the today's high…
Rishi has it spot on,Bee………..in Bank NF,we have 2 pivot highs nearly similar levels to each other…..always take the higher levels and reverse from there.In NF,We have a pivot low clearly lower than yesterday's pivot high.Move SAR down to the latest pivot high.
Saint
Thanks Rishi and Saint
Bee