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<nav class="crumbs"><a href="../index.html">Sumarizări</a><span class="sep">/</span><a href="../index.html#08_ANALIZA_ZILNICA">Analiză zilnică</a><span class="sep">/</span>#4 — Pivoți și proiecții</nav><h1 id="analiza-zilnica-4-pivoti-si-proiectii">Analiză zilnică / #4 — Pivoți și proiecții</h1>
<h2 id="tldr">TLDR</h2>
<ul>
<li><strong>Pivotul</strong> perioadei = (H + L + C) / 3 al perioadei <strong>încheiate</strong>. Pe
daily te uiți la pivotul <strong>monthly</strong>, pe weekly la <strong>quarterly</strong>, pe
monthly la pivotul <strong>de an</strong>.</li>
<li><strong>Proiecția bull / bear</strong> are formulă în curs (Modul 2 / 02): pivotul
perioadei <strong>peste media ultimilor 3 pivoți</strong> (linia galbenă <strong>PPA</strong>,
„pivot point average") = bull; <strong>sub</strong> ea = bear. Comparația cu pivotul
anterior e doar varianta „de bază". De aceea poate fi bull cu toate
nivelurile mai jos (22.07) și bear cu pivotul mai sus (10.09).
Distinge <strong>bull autentică</strong> (PPM, rezistență și suport toate mai sus) de
<strong>bull-neutru</strong> (bull după bull, dar rezistența mai jos — 02.03, 30.03,
06.04). Proiecția nu e trigger.</li>
<li><strong>Deasupra pivotului</strong> = zona cumpărătorilor. Închiderea peste pivot e
condiția din sfântul buy doji și din strategia MICI; <strong>reject sub pivot</strong>
= „nu-mi place", cumperi mai jos, în suportul următor.</li>
<li><strong>Pivoți divergenți</strong> (suport și pivot mai sus, rezistență mai jos) =
<strong>trading range</strong>. Dacă totuși atinge rezistența, are șanse să continue.</li>
<li><strong>Proiecție „inside"</strong> (range lunar mult mai îngust decât luna trecută) =
<strong>compresie</strong>. Nu obligatoriu: poate ieși spre rezistența lunii trecute,
dacă are volum.</li>
<li><strong>Scărița pe pivoți</strong>: pivotul fiecărei perioade mai sus decât precedentul
e structură bull, la fel ca higher highs / higher lows pe preț. Nu e
același lucru cu proiecția: scara poate urca într-o proiecție bear (10.09).</li>
</ul>
<hr />
<h2 id="de-ce-urmaresti-pivotii">De ce urmărești pivoții</h2>
<p>Pivotul e un nivel <strong>calculat</strong>, nu desenat cu ochiul: toată lumea care
folosește floor pivots vede exact aceeași cifră. De aceea acolo se
strâng ordine, iar reacția prețului la nivel spune ceva: dacă vânzătorii
nu reușesc să închidă prețul sub pivot, cineva îl apără; dacă
cumpărătorii nu reușesc să-l închidă deasupra, oferta de acolo e mai
mare decât cererea.</p>
<p>Ce decizie te ajută să iei:</p>
<ul>
<li><strong>direcția permisă</strong> — un buy doji deasupra pivotului monthly, în
proiecție bull, e un trade; același buy doji sub pivot, rejectat, nu
(10.09, 03.09);</li>
<li><strong>unde intri</strong> — nu la primul suport, ci acolo unde pivotul coincide cu
alte niveluri: S2, suportul monthly, locul crimei, gap-ul închis (21.08);</li>
<li><strong>unde ieși</strong> — R1, R2 și rezistența lunii trecute sunt treptele țintei;</li>
<li><strong>cât de mult aștepți de la lună</strong> — la proiecția inside (range lunar
comprimat), probabil ținta e mai mică: deducție a mea, prin analogie cu
range-ul îngust. Sesiunea din 10.09 spune doar „proiectie bull inside"
/ „zonă de compresie", nu pomenește de ținte.</li>
</ul>
<blockquote>
<p>„Proiecția e proiecție. Eu trebuie să am și trend, că degeaba am
proiecție dacă n-am trigger. Pot să am proiecție bull și el să cadă."
(Q&amp;A <a href="../09_QA/15_2025-10-14.html">14.10.2025</a>)</p>
</blockquote>
<hr />
<h2 id="termenii-o-singura-data">Termenii, o singură dată</h2>
<table>
<thead>
<tr>
<th>Termen</th>
<th>Ce înseamnă aici</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>pivot (PP)</strong></td>
<td>(High + Low + Close) / 3 al perioadei încheiate; nivelul de echilibru al perioadei noi</td>
</tr>
<tr>
<td><strong>R1 / R2</strong></td>
<td>rezistențele: R1 = 2×PP − Low, R2 = PP + (High − Low)</td>
</tr>
<tr>
<td><strong>S1 / S2</strong></td>
<td>suporturile: S1 = 2×PP − High, S2 = PP − (High − Low)</td>
</tr>
<tr>
<td><strong>pivot monthly / quarterly / de an</strong></td>
<td>pivotul lunii, trimestrului, anului; în sesiuni „suportul de an" și „pivotul de an" apar ca niveluri distincte (25.08: „l-a retestat suportul de an, momentan Reject-a și sub pivotul de an"). Că „suportul de an" = S1 pe pivotul anual e o <strong>deducție</strong>: pivoții anuali au S1 și S2 (13.08: „In zona de S1-ul, a supporte in resistance [sic] de an"), iar „suportul anului" e pus față în față cu „S2 de an" în aceeași frază (09.06: „suntem într-un posibil higher-low pe suportul anului ăstia [sic]. / Anul trecut s-a dus în S2 și vedeți că plecat din S2 de an"); egalitatea n-o rostește</td>
</tr>
<tr>
<td><strong>proiecție bull</strong></td>
<td>pivotul perioadei <strong>peste media ultimilor 3 pivoți</strong> (linia PPA). Cursul (<a href="../03_MODUL_2/02_zone_cerere_oferta_support_resistance.html">Modul 2 / 02</a>): „De cate ori pivot point-ul este deasupra media ultimulor trei pivot point, se considera ca sunt in bul [sic]". Varianta „de bază", pivotul peste cel anterior, e în aceeași lecție doar „o prima proiectie bull" (vezi secțiunea 2). Cu filtrul PPA, bull se poate da și cu <strong>toate</strong> nivelurile mai jos decât luna trecută (22.07: „proiectie bul [sic], culmea / proiectie bul e adevărat, pivotul este mai jos"; 23.07: „proiectia BUL acum este mai jos decat proiectia lunii trecute") — secțiunea 2 arată aritmetica</td>
</tr>
<tr>
<td><strong>proiecție bull autentică</strong></td>
<td>PPM (pivotul), rezistența și suportul toate mai sus decât perioada trecută (02.03)</td>
</tr>
<tr>
<td><strong>proiecție bull-neutru</strong></td>
<td>bull după bull, dar cu <strong>rezistența mai jos</strong> decât a perioadei trecute (lower high). Cursul: „daca erul [sic] asta de aici, R2, daca am sa spunem bul [sic] dupa bul, daca R2 este […] sub erul [sic] de saptamana trecuta / Pot sa consider ca este bul [sic] neutru, fiindca normal ar trebui sa am high high high low". PPM-ul poate fi mai jos (02.03) sau mai sus (30.03, 06.04): proiecția vine din media PPA, nu din pivotul anterior. Ce <strong>aștepți</strong> de la o lună bull-neutru: <strong>nespus</strong>, nici în curs, nici în sesiuni</td>
</tr>
<tr>
<td><strong>proiecție bear</strong></td>
<td>pivotul perioadei <strong>sub media ultimilor 3 pivoți</strong> (linia PPA). Cursul: „Daca pivot point-ul este sub media ultimulor trei linii de pivot point, sunt in bar [sic] cu proiectia". Pivotul poate fi totuși mai sus decât cel anterior (10.09, secțiunea 7). „Bear-neutru" e pomenit în curs alături de bull-neutru, dar definit e doar bull-neutru; oglinda (suportul mai sus decât al perioadei trecute) e <strong>deducția mea</strong></td>
</tr>
<tr>
<td><strong>PPA / PPAM / PPAW / PPAQ / PPAY</strong></td>
<td>„pivot point average": media ultimilor 3 pivoți, linia galbenă din indicatorul lui; litera finală e perioada (M monthly, W weekly, Q quarterly, Y anual). Cursul: „daca va duce-ti [sic] aici la show PPA, pivot point average si dau true / O sa mi-apara o linie galben [sic]". În sesiuni: PPAM (22.07: „pivotul monthly, / corespund într-o proiectie bull și PPA-M-ul"), PPAW (23.06: „sub PPAW, adică linia galbină [sic] a pivotilor weekly"), PPAQ (30.03: „Suntem pe PPAQ, adică pivotul, media ultimulor trei trimeste [sic] de pivot Quartel-lei [sic]"; 29.07: „Nu, PPAQ, linia galbenă"), PPAY (08.04: „un bulharami [sic] rejectat în PPAY, linia galbenă"). Funcționează și ca suport / rezistență: „exista contexta [sic] in care si linia galbene [sic] functioneaza ca support si resistance" (curs)</td>
</tr>
<tr>
<td><strong>proiecție inside</strong></td>
<td>range-ul S1–R1 al lunii curente mult mai îngust decât al lunii trecute → compresie</td>
</tr>
<tr>
<td><strong>pivoți divergenți</strong></td>
<td>suport și pivot mai sus decât luna trecută, rezistență mai jos → trading range</td>
</tr>
<tr>
<td><strong>reject pe pivot</strong></td>
<td>codița trece de pivot, close-ul rămâne de partea cealaltă. „Sub pivot" = pivotul a fost rezistență; „deasupra" = a fost suport</td>
</tr>
<tr>
<td><strong>scărița</strong></td>
<td>higher highs / higher lows, treaptă cu treaptă; pe pivoți: fiecare pivot mai sus decât precedentul</td>
</tr>
<tr>
<td><strong>buy doji</strong></td>
<td>trigger: prima închidere peste high-ul unui doji, în max. 3 candele (vezi <a href="01_buy_doji_si_strategia_mici.html">#1</a>)</td>
</tr>
</tbody>
</table>
<hr />
<h2 id="1-ce-pivot-pe-ce-grafic">1. Ce pivot pe ce grafic</h2>
<p>Pivotul se calculează din perioada <strong>cu o treaptă peste</strong> timeframe-ul
graficului, ca să ai un reper care nu se schimbă la fiecare bară
(<a href="../03_MODUL_2/03_timeframes_set_up.html">Modul 2 / timeframes</a>):</p>
<table>
<thead>
<tr>
<th>Graficul</th>
<th>Pivotul pe care îl citești</th>
<th>Cum apare în analiza zilnică</th>
</tr>
</thead>
<tbody>
<tr>
<td>60 min</td>
<td>weekly</td>
<td>„în suport weekly", intrare de finețe</td>
</tr>
<tr>
<td>daily</td>
<td><strong>monthly</strong></td>
<td>„deasupra pivotului monthly", „proiecție bull"</td>
</tr>
<tr>
<td>weekly</td>
<td><strong>quarterly</strong></td>
<td>„rejectat pe pivotul quarterly", „succesiunea pivoților quarterly"</td>
</tr>
<tr>
<td>monthly</td>
<td><strong>de an</strong></td>
<td>„a ținut pivotul de an ca la carte", „sub pivotul de an"</td>
</tr>
</tbody>
</table>
<p>Cu cât timeframe-ul e mai mare, cu atât mai mulți bani mari se uită la
nivel, deci un reject sau un close pe pivotul quarterly ori pe cel de an
cântărește mai mult. Atenție la termen: „timeframe-urile instituționale"
sunt la el <strong>monthly și weekly</strong> (04.09: „cele două time frame-uri
instituționale, însemnând monthly și weekly").</p>
<hr />
<h2 id="2-proiectia-bull-calculul-si-ce-astepti-de-la-luna">2. Proiecția bull: calculul și ce aștepți de la lună</h2>
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<text x="449.0" y="219.0" fill="#b06000" text-anchor="middle" style="font-weight:bold">ține pivotul</text>
<text x="539.0" y="110.0" fill="#1a5fb4" text-anchor="middle" style="font-weight:bold">R1</text>
<text x="659.0" y="70.0" fill="#1a5fb4" text-anchor="middle" style="font-weight:bold">R2</text>
<text x="24" y="296" fill="#555">Pivotul B = (H 52.20 + L 46.50 + C 51.40) / 3 = 50.03, peste pivotul A 48.00: proiecție bull în varianta de bază (fără filtrul PPA).</text>
</svg></p>
<!--/SVG-->
<p>Calculul, pas cu pas, pe seria construită:</p>
<ol>
<li><strong>Luna A</strong> s-a încheiat cu <strong>high 52.20, low 46.50, close 51.40</strong>.</li>
<li><strong>Pivotul lunii B</strong> = (52.20 + 46.50 + 51.40) / 3 = <strong>50.03</strong>.</li>
<li><strong>R1</strong> = 2 × 50.03 − 46.50 = <strong>53.57</strong>; <strong>R2</strong> = 50.03 + 5.70 = <strong>55.73</strong>;
<strong>S1</strong> = 2 × 50.03 − 52.20 = <strong>47.87</strong>.</li>
<li>Pivotul lunii A era <strong>48.00</strong>; pivotul lunii B, <strong>50.03</strong>, e mai sus:
<strong>proiecție bull în varianta de bază</strong> din curs. Filtrul PPA (pivotul
peste media ultimilor 3 pivoți) cere și pivotul dinaintea lunii A, pe
care exemplul nu-l are, deci nu e verificat aici.</li>
</ol>
<p>Ce s-a întâmplat în luna B, exact ca în manual: pullback-ul din primele
zile se oprește la <strong>50.05</strong>, pe pivot; prețul atinge <strong>R1 în a 9-a zi</strong> și
<strong>R2 în a 17-a</strong>. S1 nu a fost atins. Exemplul nu compară R/S ale lunii B
cu cele ale lunii A, deci nu se poate numi „proiecție bull autentică" în
sensul din Termeni. Că într-o proiecție bull aștepți două rezistențe
atinse și un suport nu e o deducție a mea: cursul o spune direct — „daca
e bul [sic] ar trebui sa am doua resistance cu un singur support / Daca
este bare [sic] ar trebui sa am ca aici in spate, ar trebui sa am un
resistance cu doua linii de support"
(<a href="../03_MODUL_2/02_zone_cerere_oferta_support_resistance.html">Modul 2 / 02</a>).
Bear-ul cu „două linii de suport și una de resistance" (02.03) e cazul
invers.</p>
<h3 id="cum-se-decide-bull-sau-bear-media-ultimilor-3-pivoti">Cum se decide bull sau bear: media ultimilor 3 pivoți</h3>
<p>Cursul dă două trepte. <strong>De bază</strong>: pivotul perioadei peste cel anterior
= „o prima proiectie bull". <strong>Filtrul</strong> (cel pe care îl afișează
indicatorul lui, la finalul perioadei): pivotul comparat cu media
ultimilor trei pivoți, linia galbenă <strong>PPA</strong>.</p>
<blockquote>
<p>„se poate face un moving average al ultimulor trei linii de pivot point
/ Adica asta cu asta si cu asta le adun si le impart la 3 si obtin o
linie care se numeste media ultimulor trei linii ale pivot point / […]
/ De cate ori pivot point-ul este deasupra media ultimulor trei pivot
point, se considera ca sunt in bul [sic] / Daca pivot point-ul este sub
media ultimulor trei linii de pivot point, sunt in bar [sic] cu
proiectia" (Modul 2 / 02)</p>
</blockquote>
<p>E aceeași idee ca la încrucișarea a două medii mobile: pivotul e media
„scurtă", PPA media „lungă". Pe grafic linia apare cu „show PPA, pivot
point average" pe <code>true</code>; implicit e pe <code>false</code>.</p>
<p>Două consecințe, cu cifre construite (pivoții a patru luni la rând,
ultimul e cel curent):</p>
<table>
<thead>
<tr>
<th>Pivoții</th>
<th>Curent vs. anterior</th>
<th>Media ultimilor 3</th>
<th>Proiecția</th>
</tr>
</thead>
<tbody>
<tr>
<td>58 → 50 → <strong>53</strong></td>
<td>mai sus (53 &gt; 50)</td>
<td>(58 + 50 + 53) / 3 = 53.67</td>
<td><strong>bear</strong> (53 &lt; 53.67)</td>
</tr>
<tr>
<td>44 → 56 → <strong>52</strong></td>
<td>mai jos (52 &lt; 56)</td>
<td>(44 + 56 + 52) / 3 = 50.67</td>
<td><strong>bull</strong> (52 &gt; 50.67)</td>
</tr>
</tbody>
</table>
<p>Nu e clar din frază dacă media îi include și pe pivotul curent („asta cu
asta si cu asta"). Cifrele de mai sus ies la fel și fără el: cu un pivot
de 60 înainte de 58, media celor trei anteriori e (60 + 58 + 50) / 3 =
56 → 53 tot sub ea, bear; cu 40 înainte de 44, (40 + 44 + 56) / 3 =
46.67 → 52 tot peste ea, bull.</p>
<p>Asta explică lunile din sesiuni care păreau contradictorii: 22.07
(„proiectie bul [sic], culmea / proiectie bul e adevărat, pivotul este
mai jos"), 23.07 („proiectia BUL acum este mai jos decat proiectia lunii
trecute"), 02.03 (bull-neutru cu „PPM-ul […] mai jos decât februarie")
și 10.09 (bear cu pivotul mai sus, secțiunea 7). Toate sunt posibile cu
formula PPA. Cifrele lor reale nu se aud în transcrieri, deci fiecare caz
e <strong>compatibil</strong> cu formula, nu verificat pe cifre. Cu stocastic și volum în regulă, un pullback la pivot
e loc de cumpărat, nu de vândut.</p>
<blockquote>
<p>„Dacă ne închidem deasupra pivotului și McLennal oscillator deasupra
linei de zero, posibil o să continuă urcarea. Altfel, probabil va fi un
bearflake" (10.09, pe indici)</p>
</blockquote>
<h3 id="rutina-de-inceput-de-saptamana-luna-si-trimestru">Rutina de început de săptămână, lună și trimestru</h3>
<p>La fiecare schimbare de perioadă, rutina începe cu <strong>scannerele</strong>: buy doji
și sell doji, plus buy/sell momentum, pe monthly și weekly. Apoi citești
proiecțiile noi de suport–rezistență pe indici — monthly, iar weekly pe
<strong>60 min</strong> — și, la final de trimestru, și pe quarterly. Proiecția dă
<strong>bias-ul perioadei</strong>, în probabilitate de <strong>60%</strong>, nu 100%: te așază în
zona de suport–rezistență, dar nu e trigger.</p>
<blockquote>
<p>„Deci, în primul rând, ca și rutină, aveți descanat buy doji weekly, buy
doji monthly, sell doji weekly și monthly și la fel buy momentum, sell
momentum dacă vă interesează weekly și monthly." (03.08)</p>
<p>„Ok, acum dacă ne-am aflat de exemplu ca și rutină în zonă de quarterly,
adică dacă s-ar termina trimestrul, e nevoie să mă uit la suport în rezist
în quarterly, să vă proiectiile cum arată pentru trimestrul următor."
(03.08)</p>
</blockquote>
<h2 id="3-proiectia-bear-cu-short-pe-reject">3. Proiecția bear, cu short pe reject</h2>
<!--SVG:bear-->
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily, pivot monthly</text>
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<text x="732.5" y="111.3" fill="#1a5fb4">R1 52.13</text>
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<text x="732.5" y="157.3" fill="#b06000">pivot B 49.97</text>
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<text x="732.5" y="220.7" fill="#c00">S1 46.43</text>
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<text x="732.5" y="268.7" fill="#c00">S2 44.27</text>
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<text x="732.5" y="143.3" fill="#c00">SL 50.40</text>
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<text x="732.5" y="174.0" fill="#188a3e">intrare short 49.00</text>
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<text x="732.5" y="234.7" fill="#1a5fb4">TP 46.20 = 2R</text>
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<text x="449.0" y="130.0" fill="#c00" text-anchor="middle" style="font-weight:bold">reject</text>
<text x="24" y="296" fill="#555">Pivotul B 49.97, sub pivotul A 52.00: proiecție bear în varianta de bază. Rejectul sub pivot dă short-ul.</text>
</svg></p>
<!--/SVG-->
<p>Oglinda, pentru short:</p>
<ul>
<li>Pivotul lunii A: <strong>52.00</strong>. Luna A închide la 48.60 → pivotul lunii B
<strong>49.97</strong>, sub 52.00: <strong>proiecție bear în varianta de bază</strong>. Ca la
bull, filtrul PPA (media ultimilor 3 pivoți) nu e verificat: exemplul
n-are al treilea pivot.
S1 <strong>46.43</strong>, S2 <strong>44.27</strong>.</li>
<li>În a 3-a zi a lunii B, raliul atinge <strong>50.30</strong>, peste pivot, dar
închide la <strong>49.70</strong>, sub el: <strong>reject sub pivot</strong>.</li>
<li>A doua zi închide la <strong>49.00</strong>, sub low-ul barei de reject (49.20) →
<strong>intrare short 49.00</strong>.</li>
<li><strong>SL 50.40</strong>, 10 cenți peste codița rejectului: dacă prețul trece de
acolo, pivotul nu a mai fost rezistență.</li>
<li><strong>TP 46.20 = 2R</strong> (risc 1.40), atins în a 12-a zi, aproape de S1.
Luna merge apoi până la S2: două suporturi atinse, nicio rezistență.</li>
</ul>
<hr />
<h2 id="4-pivoti-divergenti-trading-range">4. Pivoți divergenți = trading range</h2>
<p>Regula (03.09): luna curentă are <strong>suportul și pivotul mai sus</strong> decât
luna trecută, dar <strong>rezistența mai jos</strong>. Nivelurile se strâng din ambele
părți, deci luna nu are o direcție clară.</p>
<blockquote>
<p>„suport-ul mai sus, pivot-ul mai sus, resistance-ul da-i un pic mai jos,
deci e cumva un training range aici, dar dacă atinge resistance-ul ăsta,
are mari șans să ducă"</p>
</blockquote>
<p>Mecanic, de ce se întâmplă asta: R1 = 2×PP − Low și S1 = 2×PP − High, deci
R1 − S1 = High − Low al lunii trecute. O lună trecută care a urcat și a
coborât înapoi spre mijloc dă un pivot mai sus (media) și un range mai
îngust decât luna dinaintea ei.</p>
<h3 id="nu-luna-ramane-in-range">NU: luna rămâne în range</h3>
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily, pivot monthly</text>
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<text x="464.0" y="84.4" fill="#777" text-anchor="middle" style="font-weight:bold">nu atinge R1</text>
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<text x="24" y="302" fill="#555">Suport și pivot mai sus, rezistență mai jos: luna B e un trading range.</text>
</svg></p>
<!--/SVG-->
<ul>
<li>Luna A avea pivot <strong>50.00</strong>, R1 <strong>54.00</strong>, S1 <strong>46.00</strong>.</li>
<li>Luna A: high 53.50, low 48.10, close 50.20 → luna B: pivot <strong>50.60</strong>
(mai sus), S1 <strong>47.70</strong> (mai sus), R1 <strong>53.10</strong> (mai jos).</li>
<li>Luna B urcă până la <strong>52.90</strong> și coboară până la <strong>48.20</strong>: nu atinge nici
R1, nici S1. Cine a cumpărat „breakout-ul" la 52.90 a cumpărat vârful
range-ului.</li>
</ul>
<h3 id="da-atinge-rezistenta-si-continua">DA: atinge rezistența și continuă</h3>
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<p><svg viewBox="0 0 876 388" xmlns="http://www.w3.org/2000/svg" style="width:100%;height:auto;font:12px sans-serif">
<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily, pivot monthly</text>
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<text x="732.5" y="160.8" fill="#188a3e">intrare 53.90</text>
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<text x="732.5" y="110.4" fill="#1a5fb4">TP = R2 B 56.00 = 2.1R</text>
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<text x="479.0" y="133.6" fill="#188a3e" text-anchor="middle" style="font-weight:bold">close peste R1 B</text>
<text x="524.0" y="200.0" fill="#b06000" text-anchor="middle" style="font-weight:bold">retest</text>
<text x="24" y="376" fill="#555">Aceeași lună A. De data asta luna B atinge R1 (53.10) și merge spre R2.</text>
</svg></p>
<!--/SVG-->
<p>Aceeași lună A, deci aceleași niveluri. De data asta:</p>
<ol>
<li>În a 5-a zi luna B <strong>închide la 53.40, peste R1 B (53.10)</strong>. Range-ul
s-a rupt în sus.</li>
<li>Retest: codița coboară la <strong>53.10</strong>, exact pe R1, close-ul rămâne peste.</li>
<li>Candela din dreapta închide la <strong>53.90</strong>, peste high-ul retestului →
<strong>intrare 53.90</strong>.</li>
<li><strong>SL 52.90</strong>, sub codița retestului. Sub R1, breakout-ul a eșuat și ești
înapoi în range.</li>
<li><strong>TP = R2 B 56.00 = 2.1R</strong> (risc 1.00). Pe drum trece de <strong>54.00</strong>, R1-ul
lunii trecute: prima țintă intermediară.</li>
</ol>
<p>„Proiecție neutră" (03.09: „nu e o proiecție bull, nu e o proiecție bear")
nu apare cu acest nume în sesiuni; cel mai apropiat termen al lui e
<strong>bull-neutru</strong>. Definiția e în curs (Modul 2 / 02): bull după bull, dar
R2 sub rezistența perioadei trecute — „Pot sa consider ca este bul [sic]
neutru, fiindca normal ar trebui sa am high high high low". Sesiunile o
folosesc exact așa: proiecție bull cu <strong>rezistența mai jos</strong> („lower
high"), iar PPM-ul poate fi <strong>mai jos</strong> decât luna trecută — 02.03:
„PPM-ul […] acum este mai jos decât februarie […] resistance-ul este mai
jos" — sau <strong>mai sus</strong> — 30.03, pe quarterly: „Proiecție Bool [sic] în
continuare, dar este o proiecție oarecum Bool [sic] neutră. / În ce
sens? Da, pivotul este mai sus, resistance-ul mai jos, / suportul mai
jos, dar este proiecție Bool [sic] pentru trimestrul următor". PPM-ul
mai jos nu strică proiecția bull, pentru că ea vine din media PPA, nu
din pivotul anterior. Ce aștepți de la o asemenea proiecție <strong>nu e spus</strong>,
nici în curs, nici în sesiuni. Geometric, e aproape de pivoții divergenți
de mai sus, deci probabil se tratează la fel, ca range — deducția mea,
el nu o spune.</p>
<hr />
<h2 id="5-proiectie-inside-compresie">5. Proiecție „inside" = compresie</h2>
<p>Regula (10.09): dacă distanța suport–rezistență din luna curentă e mult
mai mică decât luna trecută, proiecția anunță <strong>compresie</strong>, nu
expansiune.</p>
<blockquote>
<p>„e proiectie bull inside, pentru că dacă unui resistance-ul din luna
asta nu e foarte expandat față de suport."</p>
</blockquote>
<h3 id="cum-arata-compresia">Cum arată compresia</h3>
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily, pivot monthly</text>
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<text x="24" y="320.0" fill="#555">volum</text>
<text x="254.0" y="119.7" fill="#777" text-anchor="middle" style="font-weight:bold">luna A: range îngust</text>
<text x="569.0" y="231.2" fill="#777" text-anchor="middle" style="font-weight:bold">luna B: compresie</text>
<text x="24" y="426" fill="#555">R1 − S1 = H − L al lunii trecute: 2.40 față de 10.00. Proiecție inside, volum în scădere.</text>
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<!--/SVG-->
<ul>
<li>Luna A avea S1–R1 între <strong>45.00 și 55.00</strong>: 10 puncte.</li>
<li>Luna A însă a stat îngust: high <strong>51.75</strong>, low <strong>49.35</strong>, close <strong>50.90</strong>.</li>
<li>De aici luna B: pivot <strong>50.67</strong>, R1 <strong>51.98</strong>, S1 <strong>49.58</strong>. R1 − S1 =
<strong>2.40</strong>, adică 24% din range-ul lunii trecute.</li>
<li>Luna B stă toată între S1 și R1, cu volum în scădere. Un stop de 1-2
puncte e deja în afara lunii; o țintă de 5 puncte n-are unde să vină.</li>
</ul>
<h3 id="nu-obligatoriu-breakout-cu-volum-spre-rezistenta-lunii-trecute">Nu obligatoriu: breakout cu volum spre rezistența lunii trecute</h3>
<p>Nuanța din 04.09:</p>
<blockquote>
<p>„prevede o posibilă compresie, nu înseamnă că va fi neapărat compresia,
ar putea să atingă resistance-ul din luna trecută în luna asta și să ia
viteză."</p>
</blockquote>
<!--SVG:inside_da-->
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily, pivot monthly</text>
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<line x1="96.5" y1="201.0" x2="411.5" y2="201.0" stroke="#b06000" stroke-width="2"/>
<text x="90.5" y="205.0" fill="#b06000" text-anchor="end">pivot A 50.00</text>
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<text x="90.5" y="315.0" fill="#c00" text-anchor="end">S1 A 45.00</text>
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<text x="732.5" y="164.9" fill="#6a3d9a">R1 B 51.98</text>
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<text x="732.5" y="214.2" fill="#c00">S1 B 49.58</text>
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<text x="732.5" y="181.9" fill="#c00">SL 51.05</text>
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<text x="732.5" y="150.9" fill="#188a3e">intrare 52.30</text>
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<text x="732.5" y="95.0" fill="#1a5fb4">TP = R1 lunii trecute 55.00 = 2.2R</text>
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<text x="24" y="331.0" fill="#555">volum</text>
<text x="584.0" y="108.2" fill="#188a3e" text-anchor="middle" style="font-weight:bold">breakout cu volum</text>
<text x="24" y="437" fill="#555">Aceeași compresie; volumul de 3x pe breakout o scoate până la rezistența lunii trecute.</text>
</svg></p>
<!--/SVG-->
<ol>
<li>Aceeași compresie în primele 11 zile; ultimele trei low-uri stau toate
la <strong>51.15</strong>.</li>
<li>În a 12-a zi, închidere la <strong>52.30, peste R1 B (51.98)</strong>, cu volum
<strong>92</strong> față de o medie de <strong>30</strong> în compresie. Fără volumul acesta,
închiderea peste R1 poate fi doar codița de sus a range-ului. Pe 04.09,
la un wedge „deja într-o formă de breakout", el ar vrea „aș văd [sic]
să văd și volumul mai tare", dar breakout-ul masiv îl leagă de reintrarea în
MBT-10: „posibil dacă reintră în MBT-10 să vedem un breakout masiv".</li>
<li><strong>Intrare 52.30</strong>, <strong>SL 51.05</strong> (sub ultimul higher low al compresiei).</li>
<li><strong>TP 55.00 = R1-ul lunii trecute = 2.2R</strong> (risc 1.25). Atins în a 19-a
zi a lunii.</li>
</ol>
<hr />
<h2 id="6-reject-pe-pivot-de-care-parte-inchide-conteaza">6. Reject pe pivot: de care parte închide contează</h2>
<p>Codița spune unde a ajuns prețul; close-ul spune cine a câștigat. Aceeași
atingere a pivotului e semnal opus după cum închide bara.</p>
<table>
<thead>
<tr>
<th>Reject — DA (long)</th>
<th>Reject — NU (nu intri long)</th>
</tr>
</thead>
<tbody>
<tr>
<td>codițe sub pivot, close-uri deasupra: pivotul e apărat</td>
<td>codițe peste pivot, close-uri sub: pivotul e rezistență</td>
</tr>
<tr>
<td>„Îmi place foarte tare rejectul pe pivotul de an, cu un doji și un hammer" (29.07)</td>
<td>„suntem într-un sell doji, nu-mi place asta și rejectul ăsta de aici, nu-mi place" (03.09)</td>
</tr>
<tr>
<td>intri pe trigger (buy doji, MBT-10), stop sub codițe</td>
<td>aștepți un nivel mai jos: suportul quarterly, S1, locul crimei</td>
</tr>
<tr>
<td>respins de mai multe ori sub pivot, apoi <strong>close-uri deasupra</strong> = continuare</td>
<td>sell doji + reject pe pivotul quarterly bate și un fundamental bun (03.09)</td>
</tr>
</tbody>
</table>
<h3 id="da-reject-deasupra-pivotului">DA: reject deasupra pivotului</h3>
<!--SVG:reject_deasupra-->
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — weekly, pivot quarterly</text>
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<text x="507.5" y="240.6" fill="#c00">SL 49.40</text>
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<text x="507.5" y="95.0" fill="#1a5fb4">TP 56.00 = 2R</text>
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<text x="104.0" y="167.4" fill="#777" text-anchor="middle" style="font-weight:bold">pullback</text>
<text x="254.0" y="177.2" fill="#b06000" text-anchor="middle" style="font-weight:bold">5 rejecturi</text>
<text x="314.0" y="169.4" fill="#188a3e" text-anchor="middle" style="font-weight:bold">buy doji</text>
<text x="494.0" y="74.4" fill="#1a5fb4" text-anchor="middle" style="font-weight:bold">TP</text>
<text x="24" y="280" fill="#555">Codițele coboară sub pivot, close-urile rămân deasupra: pivotul e apărat.</text>
</svg></p>
<!--/SVG-->
<ul>
<li>Pullback weekly din 56 spre <strong>pivotul quarterly 50.00</strong>.</li>
<li>Cinci săptămâni la rând codița coboară sub pivot (<strong>49.80, 49.70, 49.50,
49.90, 49.80</strong>) și close-ul revine deasupra. Vânzătorii ajung sub nivel,
dar nu pot rămâne acolo: la fiecare coborâre sub 50 apar cumpărători.</li>
<li>Doji, apoi <strong>buy doji la 51.60</strong> → intrare.</li>
<li><strong>SL 49.40</strong>, sub cea mai joasă codiță (49.50). Sub ea, pivotul nu mai e
apărat.</li>
<li><strong>TP 56.00 = 2R</strong> (risc 2.20), atins după 12 săptămâni.</li>
</ul>
<blockquote>
<p>„Uitați-vă cum a ținut suportul ca la carte. Săptămână de săptămână."
(04.09)</p>
</blockquote>
<h3 id="nu-reject-sub-pivot-deci-cumperi-mai-jos">NU: reject sub pivot, deci cumperi mai jos</h3>
<!--SVG:reject_sub-->
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — daily</text>
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<text x="507.5" y="91.8" fill="#1a5fb4">TP2 53.00 = 3R</text>
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<text x="507.5" y="117.8" fill="#b06000">pivot monthly 52.00 = TP1 (2.2R)</text>
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<text x="507.5" y="193.2" fill="#188a3e">intrare 49.10</text>
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<text x="507.5" y="231.4" fill="#c00">SL 47.80</text>
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<text x="24" y="255.0" fill="#555">volum</text>
<text x="134.0" y="80.0" fill="#c00" text-anchor="middle" style="font-weight:bold">reject sub pivot: NU</text>
<text x="284.0" y="237.8" fill="#6a3d9a" text-anchor="middle" style="font-weight:bold">hammer</text>
<text x="314.0" y="168.0" fill="#188a3e" text-anchor="middle" style="font-weight:bold">buy doji</text>
<text x="24" y="361" fill="#555">Nu cumperi rejectul de sub pivotul monthly. Cumperi mai jos, în pivotul quarterly.</text>
</svg></p>
<!--/SVG-->
<ol>
<li>Prețul urcă la <strong>pivotul monthly 52.00</strong>. Patru zile codița trece de el
(<strong>52.30, 52.30, 52.50, 52.10</strong>) și close-ul rămâne dedesubt. Nu
cumperi aici: pivotul a fost rezistență de patru ori.</li>
<li>Prețul coboară până la <strong>pivotul quarterly 48.00</strong>. Hammer cu low-ul
<strong>48.00</strong> exact pe nivel, cu cel mai mare volum de la cădere încoace.</li>
<li>Doji, apoi <strong>buy doji la 49.10</strong> → intrare.</li>
<li><strong>SL 47.80</strong>, sub hammer: sub pivotul quarterly nu mai ai suport.</li>
<li><strong>TP1 = pivotul monthly 52.00 = 2.2R</strong> (risc 1.30): exact nivelul care
te-a respins. <strong>TP2 53.00 = 3R</strong>, după ce pivotul monthly e trecut.</li>
</ol>
<p>Regula vine din 19.08, 20.08 și 24.08 („reject sub pivotul quarterly,
astea poate un nivel de preț un pic mai jos și să-l cumpărăm de acolo"),
iar varianta cu suportul quarterly e spusă direct pe 28.07:</p>
<blockquote>
<p>„Daca ajungem in suportul quarterly, de cumparat cu doua maini"</p>
</blockquote>
<h3 id="da-respins-de-cinci-ori-apoi-inchide-deasupra">DA: respins de cinci ori, apoi închide deasupra</h3>
<p>Cazul din 04.09: pivotul a fost rezistență de mai multe ori, apoi cedează.</p>
<blockquote>
<p>„Momentan, rejectează pivotul quarterly, o dată de 2, de 3, de 4, de 5
ori, ne închidem deasupra pivotului cu un doji și de aici am putea să
avem o continuare superbă de trend"</p>
</blockquote>
<!--SVG:reject_apoi_peste-->
<p><svg viewBox="0 0 830 364" xmlns="http://www.w3.org/2000/svg" style="width:100%;height:auto;font:12px sans-serif">
<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — weekly, pivot quarterly</text>
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<text x="522.5" y="177.6" fill="#188a3e">intrare 51.20</text>
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<text x="522.5" y="108.0" fill="#1a5fb4">TP 54.10 = 2R</text>
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<text x="77.0" y="249.6" fill="#777" text-anchor="start" style="font-weight:bold">downtrend</text>
<text x="224.0" y="147.6" fill="#c00" text-anchor="middle" style="font-weight:bold">5 rejecturi sub pivot</text>
<text x="344.0" y="154.8" fill="#188a3e" text-anchor="middle" style="font-weight:bold">doji + buy doji</text>
<text x="24" y="352" fill="#555">Cinci respingeri, apoi două close-uri peste pivot și buy doji: acum pivotul e suport.</text>
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<ul>
<li>Downtrend, apoi revenire spre <strong>pivotul quarterly 50.00</strong>.</li>
<li>Cinci săptămâni cu codiță peste 50 și close sub. Fiecare respingere
consumă din oferta de la nivel.</li>
<li>Săptămâna 19 închide la <strong>50.35</strong>, peste pivot; a 20-a e un <strong>doji la
50.40</strong>, tot peste. Oferta s-a terminat.</li>
<li><strong>Buy doji la 51.20</strong> → intrare. <strong>SL 49.75</strong>, sub doji și sub pivot:
dacă prețul revine sub 50, close-urile de deasupra au fost false.</li>
<li><strong>TP 54.10 = 2R</strong> (risc 1.45), atins după 8 săptămâni.</li>
</ul>
<hr />
<h2 id="7-scarita-pe-pivoti">7. Scărița pe pivoți</h2>
<p>Regula (10.09): trendul se citește pe swing-uri (higher highs / higher
lows) <strong>și</strong> pe pivoți. Pivotul perioadei curente mai sus decât cel
anterior e structură bull.</p>
<blockquote>
<p>„Chiar dacă proiectia este bear, dar mă refer la pivot. Pivotul ăsta
mantri mai sus decât pivotul anterior."</p>
</blockquote>
<p>În sesiune el separă „proiecția" de „pivot", și formula din curs arată
de ce: proiecția compară pivotul cu <strong>media ultimilor 3 pivoți</strong> (PPA),
scărița îl compară cu <strong>pivotul anterior</strong>. Un pivot poate fi peste cel
anterior și totuși sub medie — în tabelul din secțiunea 2, 58 → 50 →
53: scara urcă (53 &gt; 50), proiecția e bear (53 &lt; 53.67). Deci „proiecție
bear" cu pivotul mai sus (10.09) nu e o contradicție. Cifrele lui de pe
10.09 nu se aud, deci cazul e compatibil cu formula, nu verificat; pe ce
timeframe era citită proiecția nu reiese nici el din transcriere.</p>
<h3 id="da-pivoti-in-trepte-higher-lows-deasupra-lor">DA: pivoți în trepte, higher lows deasupra lor</h3>
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<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — weekly, pivot quarterly</text>
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<table>
<thead>
<tr>
<th>Trimestru</th>
<th>H / L / C al trimestrului</th>
<th>Pivotul trimestrului următor</th>
<th>Low în trimestru</th>
</tr>
</thead>
<tbody>
<tr>
<td>Q1</td>
<td>49.70 / 44.90 / 49.00</td>
<td>Q2: <strong>47.87</strong></td>
<td>44.90</td>
</tr>
<tr>
<td>Q2</td>
<td>51.80 / 48.10 / 51.10</td>
<td>Q3: <strong>50.33</strong></td>
<td>48.10, apoi HL <strong>49.70</strong></td>
</tr>
<tr>
<td>Q3</td>
<td>—</td>
<td>—</td>
<td>HL <strong>50.40</strong>, deasupra pivotului 50.33</td>
</tr>
</tbody>
</table>
<ul>
<li>Pivotul urcă <strong>44.00 → 47.87 → 50.33</strong>.</li>
<li>Swing low-urile urcă <strong>44.90 → 48.10 → 49.70 → 50.40</strong>, și fiecare e
deasupra pivotului trimestrului în care s-a format.</li>
<li>Vârful Q2 e <strong>51.80</strong>; închiderea la <strong>52.30</strong> îl sparge → scărița a
urcat încă o treaptă. Asta e confirmarea: fără breakout peste vârf, ai
doar un double bottom cu al doilea picior mai sus.</li>
</ul>
<p>Pe 17.08, același lucru pe un simbol real: „ai intrat în buy doji weekly
și uitați-vă, inclusiv succesiunea pivoților quarterly, higher highs,
higher lows".</p>
<h3 id="nu-pivotul-a-urcat-dar-pretul-nu-mai-urca">NU: pivotul a urcat, dar prețul nu mai urcă</h3>
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<p><svg viewBox="0 0 830 262" xmlns="http://www.w3.org/2000/svg" style="width:100%;height:auto;font:12px sans-serif">
<text x="24" y="48" fill="#333" style="font-weight:bold">Exemplu construit (fără ticker) — weekly, pivot quarterly</text>
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<text x="687.5" y="114.2" fill="#b06000">pivot Q3 50.33</text>
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<text x="687.5" y="128.2" fill="#c00">HL din Q2 49.70</text>
<text x="687.5" y="100.2" fill="#777">SMA-20</text>
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<text x="24" y="250" fill="#555">Pivotul Q3 a urcat, dar prețul nu face vârf nou și închide sub HL-ul din Q2: scărița s-a rupt.</text>
</svg></p>
<!--/SVG-->
<p>Aceleași Q1 și Q2, deci același pivot Q3 <strong>50.33</strong>. În Q3:</p>
<ul>
<li>vârful ajunge doar la <strong>51.70</strong>, sub vârful Q2 (51.80): breakout-ul nu
vine;</li>
<li>prețul închide la <strong>50.10</strong>, sub pivotul Q3, apoi la <strong>49.60</strong>, sub HL-ul
din Q2 (49.70) → <strong>lower low</strong>.</li>
</ul>
<p>Pivotul Q3 a fost calculat din trimestrul bun de dinainte, deci încă arată
„scăriță". Prețul spune altceva, și prețul are ultimul cuvânt: pivotul
următor, calculat din acest Q3, va ieși mai jos.</p>
<blockquote>
<p>„Poate nu doboar swing low-ul ăsta, deci pentru că s-ar strica
structura trend-ului" (21.08)</p>
</blockquote>
<hr />
<h2 id="8-pivotul-in-combinatiile-sistemului">8. Pivotul în combinațiile sistemului</h2>
<p>Pivotul nu apare aproape niciodată singur. Combinațiile din sesiuni:</p>
<table>
<thead>
<tr>
<th>Combinația</th>
<th>Rolul pivotului</th>
<th>Sesiunea</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>sfântul buy doji</strong>: double bottom + buy doji</td>
<td>close deasupra pivotului monthly, în proiecție bull</td>
<td>04.09, vezi <a href="01_buy_doji_si_strategia_mici.html">#1</a></td>
</tr>
<tr>
<td><strong>strategia MICI</strong>: buy doji weekly + higher low</td>
<td>higher low-ul <strong>deasupra</strong> pivotului</td>
<td>10.09, vezi <a href="01_buy_doji_si_strategia_mici.html">#1</a></td>
</tr>
<tr>
<td><strong>breakout la pivotul monthly</strong> pe indici</td>
<td>valid doar cu McClellan peste linia de zero; altfel bear flag</td>
<td>10.09</td>
</tr>
<tr>
<td><strong>cup &amp; handle</strong></td>
<td>breakout din mâner deasupra pivotului monthly, în proiecție bull</td>
<td>03.09</td>
</tr>
<tr>
<td><strong>1/2 gap = previous high</strong></td>
<td>continuarea cere trendline rupt + close deasupra pivotului</td>
<td>03.09</td>
</tr>
<tr>
<td><strong>reintrare după primul target</strong></td>
<td>căderea înapoi poate fi retestul locului crimei / suportului de an = higher low; reject sub pivotul de an cu stochastic spre oversold: „asta îmi place"</td>
<td>25.08; locul crimei: <a href="03_locul_crimei_si_pullback.html">#3</a></td>
</tr>
<tr>
<td><strong>pullback în confluență</strong></td>
<td>S1/S2 în proiecție bull + locul crimei + MBT-10; intri unde se suprapun mai multe niveluri</td>
<td>18.08, 21.08</td>
</tr>
<tr>
<td><strong>locul crimei + pivot quarterly / de an</strong></td>
<td>nivelul „ținut ca la carte" = cineva apără prețul</td>
<td>17.08, 04.09</td>
</tr>
<tr>
<td><strong>cădere sub pivotul de an</strong></td>
<td>cu stochastic overbought = semnal contra</td>
<td>02.09</td>
</tr>
</tbody>
</table>
<blockquote>
<p>„suntem într-un sell doji, nu-mi place asta și rejectul ăsta de aici, nu-mi
place." (03.09, simbol cu 12/14 pe fundamental)</p>
</blockquote>
<hr />
<h2 id="9-pivot-2-ce-nu-e-clar">9. „Pivot + 2": ce nu e clar</h2>
<p>Expresia apare o singură dată, pe 10.09:</p>
<blockquote>
<p>„Higher low și ne închidem. Pentru că suntem în zona pivotului plus 2.
Deja ne închidem proaile astea [sic] deasupra pivotului. Este foarte mare
șanse să ia viteză."</p>
</blockquote>
<p>Două citiri posibile, niciuna confirmată: <strong>+2% în ziua respectivă</strong> (el
spune des „plus 2 în premarket", de ex. 27.07) sau <strong>zona dintre pivot și
R2</strong>. Nu am desenat-o ca regulă separată. Partea sigură din frază, higher
low + close deasupra pivotului, e cea din secțiunile 6 și 7 și din
strategia MICI.</p>
<hr />
<h2 id="gotchas">Gotchas</h2>
<ul>
<li><strong>Proiecția nu e trigger.</strong> Proiecție bull și preț în cădere se văd des.
Intri pe buy doji / MBT-10 la nivel, nu pe culoarea proiecției.</li>
<li><strong>Nu cumpăra rejectul de sub pivot.</strong> Diagrama din secțiunea 6: patru
codițe peste 52.00, patru close-uri sub. Intrarea bună a venit 4 puncte
mai jos, la pivotul quarterly.</li>
<li><strong>Inside înseamnă ținte mici (deducție a mea).</strong> Sesiunile descriu
inside-ul doar ca „zonă de compresie"; că țintele ar fi mici e o
deducție, prin analogie cu range-ul strâns. Cu R1 − S1 = 2.40, o țintă
de 5 puncte cere breakout cu volum (în exemplu, 92 față de o medie de
30). Fără volum, nu te baza pe el.</li>
<li><strong>Pivotul nou se calculează din perioada veche.</strong> Un pivot Q3 care urcă
nu salvează un trimestru în care prețul face lower low (scărița NU).</li>
<li><strong>Codița nu e close.</strong> Un reject se judecă la închiderea barei:
weekly-ul vineri, monthly-ul în ultima zi a lunii. Până atunci e doar
„în formare".</li>
</ul>
<hr />
<h2 id="surse">Surse</h2>
<p>Din analiza zilnică (recoltele din <code>harvest/</code>):</p>
<ul>
<li><strong>17.08.2026</strong> — pivotul quarterly și cel de an ținute „ca la carte";
succesiunea pivoților quarterly HH/HL; scannerul de pullback (buy la
pivot monthly / quarterly).</li>
<li><strong>18.08.2026</strong> — retest locul crimei + S1/S2 în proiecție bull + MBT-10.</li>
<li><strong>19.08, 20.08, 24.08.2026</strong> — reject sub pivotul quarterly → cumperi mai
jos; stochastic oversold ca atenuare.</li>
<li><strong>21.08.2026</strong> — intrarea pe pullback unde coincid S2, suportul monthly
și alte niveluri; nu strica swing low-ul.</li>
<li><strong>25.08.2026</strong> — reintrare după primul target: retest suport de an,
reject sub pivotul de an cu stochastic spre oversold, „asta îmi place".
Recolta (<code>harvest/2026-08-25.md</code>) confirmă: rejectul sub pivotul de an
cu stochasticul spre oversold NU e trigger NU; semnalul contra e
căderea sub pivotul de an cu stochastic overbought (vezi și 02.09).</li>
<li><strong>02.09.2026</strong> — revenirea peste pivot; căderea sub pivotul de an cu
stochastic overbought.</li>
<li><strong>03.09.2026</strong> — pivoți divergenți = trading range; proiecție neutră;
sell doji + reject pe pivotul quarterly; cup &amp; handle peste pivotul
monthly; close deasupra pivotului după 1/2 gap.</li>
<li><strong>04.09.2026</strong> — sfântul buy doji; inside nu obligatoriu compresie;
suportul ținut săptămână de săptămână; rejectat de 5 ori, apoi close
peste pivotul quarterly (citat din transcriere).</li>
<li><strong>10.09.2026</strong> — breakout la pivotul monthly cu McClellan; buy doji
deasupra pivotului în proiecție bull; proiecție bull inside; scărița pe
pivoți; „pivotul plus 2" (citat din transcriere).</li>
<li><strong>29.07.2026</strong> — „Îmi place foarte tare rejectul pe pivotul de an / cu un
doji și un hammer" (transcriere, nu e în recolte).</li>
<li><strong>28.07.2026</strong> — „în suportul quarterly, de cumpărat cu două mâini"
(și în recolte: <code>harvest/2026-07-28.md</code>, la gotchas).</li>
<li><strong>Proiecția și PPA, din transcrieri</strong> — 02.03 (bull autentică,
bull-neutru cu PPM mai jos, bear pe QQQ), 30.03 (bull neutră pe
quarterly; PPAQ definit), 06.04 (bull neutru), 08.04 (PPAY), 23.06
(PPAW), 15.07 și 22.07 (PPAM), 22.07 și 23.07 (bull cu nivelurile mai
jos), 29.07 (PPAQ, linia galbenă), 13.08 și 09.06 (S1 / S2 de an).</li>
</ul>
<p>Din curs: <a href="../03_MODUL_2/02_zone_cerere_oferta_support_resistance.html">Modul 2: Zone de cerere/ofertă prin floor pivots</a>
(formula, proiecția bull/bear cu media ultimilor 3 pivoți — PPA, bull
neutru; transcrierea lecției, <code>02_2_CUM_DETERMIN_OBIECTIV…</code>, liniile
206-219 și 256-292),
<a href="../03_MODUL_2/03_timeframes_set_up.html">Modul 2: Timeframes</a> (ce pivot
pe ce grafic), Q&amp;A <a href="../09_QA/15_2025-10-14.html">14.10.2025</a> (proiecția nu
e semnal). Referință externă:
<a href="https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-overlays/pivot-points">StockCharts ChartSchool — Pivot Points</a>.</p>
<hr />
<p><em>Ce e completare a mea: toate prețurile și diagramele sunt construite (în
transcrieri cifrele nu se văd). Intrările, stop-urile, țintele și
calculul R din fiecare exemplu sunt aplicarea mea a regulilor, nu cifre
spuse de el. Tot ale mele: explicația de ce pivoții divergenți apar (R1 −
S1 = High − Low al lunii trecute), legătura dintre „proiecție neutră" și
„bull-neutru" din sesiuni și ideea că proiecția neutră se tratează ca
range, cifrele din tabelul cu media PPA (secțiunea 2) și aplicarea
formulei la cazurile din sesiuni (22.07, 23.07, 02.03, 10.09: compatibile
cu formula, dar cifrele lor reale nu se aud), oglinda „bear-neutru",
cele două interpretări posibile ale lui „pivot + 2",
mecanismul cu ordinele strânse la un nivel calculat, gotchas-urile despre
codiță vs close și despre pivotul calculat din perioada veche, deducția
că la proiecția inside ținta e mai mică (sesiunile o descriu doar ca
„zonă de compresie") și echivalarea „suportul de an" = S1 pe pivotul
anual (dedusă din 13.08 și 09.06, nerostită ca atare). Regulile
(proiecție bull/bear și formula ei, PPA, bull-neutru, inside, divergenți, reject sub/deasupra, scărița,
combinațiile din tabelul de la secțiunea 8) și citatele vin din sesiuni
și din curs.</em></p><nav class="pager"><a class="prev" href="03_locul_crimei_si_pullback.html">← 03. #3 — Locul crimei și disciplina pullback-ului</a><a class="up" href="../index.html#08_ANALIZA_ZILNICA">↑ index</a><a class="next" href="05_volum.html">05. #5 — Volumul: țeavă, acumulare, divergență →</a></nav>
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