Pivot extension set up :

this set ups is based on pivots boss masters which uses market generated levels to trade

by taking this study i made one indicator name stop hunt

now , how extension works :

every 70% of time market trades in range and 30% trending

this indicator is made to pinpoint exact reversal points and breakout points to trade

it considers 2 days range to identify possible extension where market or professional looking to fade
(profit booking)

lets see each zone in detail,

how trade using this levels :

there are three method which is use to trade by using this indicator

1) low risk set up or oversold set up

this set consist least risk hardly 10-8 point but yet most powerfull set up to find exact reversal
moves

time frame : hourly

rule : 1)stock must down atlist from last 3 days

2) identified stock in very first hourly which attempt to break 100% extension zone but unable
to break and candle close above 100% extension

3) set buy triggered after completion of 1 hour above 75% zone if in very first hour stock
make hammer then buy above 50% is also valid

4) sl few point below 100% extension zone

5) tgt r25% of that day

cpr breakout set up(contraction pattern)

1) this is pullback set up for uptrending stocks or stocks are strong on charts

rule : 1) stock must be a uptrending or above weekly cpr

2) after making recent swing high stock consolidate or fall

3) last 3 cpr are consolidating or down with lesser gap or make overlapping relation ship

4) entry let the stock come near 25% support zone and traded below daily cpr for validating
entry
5) set buy triggered above cpr zone sl below extension tgt extension count high