Hi, english isn't my native language so I have a little problems with a few appellations.
What is PPZ?
Point P .... Zone ?
Thank's for response.
Greetings.
Hi, english isn't my native language so I have a little problems with a few appellations.
What is PPZ?
Point P .... Zone ?
Thank's for response.
Greetings.
It doesn't matter if you're looking to draw in PPZ's to a chart to get Foreign Exchange, indices, stocks, whatever. A PPZ - Price Pivot Zone - is a zone or point where price has fulfilled resistance/support numerous times. The vehicle is irrelevant - they're formed by price .Originally Posted by ;
It's a visual thing - thus return in your weekly indices chart and search for areas that have strong support and resistance - these will probably be your PPZ.
Consider the chart below - I have marked in blue weekly PPZ - points at which price has fulfilled support and resistance repeatedly. In orange it's possible to observe a near-term PPZ.
If I zoom out, I will see my gloomy PPZ return to 2010 -
Price will often react to these points. You'll find heaps of information.
Hope that helps!
Cheers!
I figure its a Term in the J16 thread, then it signifies
Pivotale Price Zone. . A level where price was Support and
acts now as RĂ©sistance, or vice versa ie where price Flips from
sup to Res or vice versa