How to build bias for any month ?
Building Monthly Bias with CPR
1. Identify the Central Pivot Range (CPR) for the month
• CPR is the average price level for the month.
• It remains constant throughout the month and acts as the balance point.
2. Mark Key Levels:
• Above CPR: Previous Monthly High, R1, R2 (resistances).
• Below CPR: Previous Monthly Low, S1, S2 (supports).
3. Interpretation:
• Price generally oscillates between these ranges.
• CPR provides the “fair value” of the market for the month.
• The supports and resistances mark the extremes.
4. Bias Formation:
• If price sustains above CPR → bullish bias.
• If price sustains below CPR → bearish bias.
• If price hovers around CPR → sideways / neutral bias.
5. Trading Psychology:
• Avoid being overly bullish when prices are near upper extremes.
• Avoid being overly bearish when prices are near lower extremes.
• The CPR itself gives a strong indication of directional bias.
👉 In short: CPR = Balance Point; R1/R2 = upper boundary; S1/S2 = lower boundary. Price oscillates within this band, giving us a practical monthly bias.
Building Monthly Bias with CPR
1. Identify the Central Pivot Range (CPR) for the month
• CPR is the average price level for the month.
• It remains constant throughout the month and acts as the balance point.
2. Mark Key Levels:
• Above CPR: Previous Monthly High, R1, R2 (resistances).
• Below CPR: Previous Monthly Low, S1, S2 (supports).
3. Interpretation:
• Price generally oscillates between these ranges.
• CPR provides the “fair value” of the market for the month.
• The supports and resistances mark the extremes.
4. Bias Formation:
• If price sustains above CPR → bullish bias.
• If price sustains below CPR → bearish bias.
• If price hovers around CPR → sideways / neutral bias.
5. Trading Psychology:
• Avoid being overly bullish when prices are near upper extremes.
• Avoid being overly bearish when prices are near lower extremes.
• The CPR itself gives a strong indication of directional bias.
👉 In short: CPR = Balance Point; R1/R2 = upper boundary; S1/S2 = lower boundary. Price oscillates within this band, giving us a practical monthly bias.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.