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WW ON EOD CHARTS |
rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #1 Posted: Wed Sep 19, 2012 10:45 am Post subject: WW ON EOD CHARTS |
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Starting a new thread, for posting Wolfe Wave pattern on EOD basis.One can post higher time frames also.
Posting a Bearish WW of TATAMOTORS, to start with. On initial look I thought that its overshoot was too high to be called as ww.Later after close analysis I compared the length of 2-3 wave and 4-5wave and felt overshoot is fine, not yet at runaway status.
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Dkaur White Belt
Joined: 16 Jul 2011 Posts: 85
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Post: #2 Posted: Wed Sep 19, 2012 10:57 am Post subject: |
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Thanks RK for starting this thread.
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #3 Posted: Wed Sep 19, 2012 11:02 am Post subject: |
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Mr RK
In addition to the WW chart, you can post Entry level (Be it short or long) along with Stop and Target along with ETA for initiating trade.
I am in learning mode of WW and hence this request.
C T RAMESH RAJA
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rakpeds White Belt
Joined: 24 Jun 2012 Posts: 481
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Post: #4 Posted: Wed Sep 19, 2012 12:09 pm Post subject: |
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rk ... i think the symmetry is the issue for the WW... even i am in learning mode... but symmetry is needed for the success of WW
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #5 Posted: Wed Sep 19, 2012 12:56 pm Post subject: Re: WW ON EOD CHARTS |
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rk_a2003 wrote: | Starting a new thread, for posting Wolfe Wave pattern on EOD basis.One can post higher time frames also.
Posting a Bearish WW of TATAMOTORS, to start with. On initial look I thought that its overshoot was too high to be called as ww.Later after close analysis I compared the length of 2-3 wave and 4-5wave and felt overshoot is fine, not yet at runaway status. |
Hi RK,
Please look at the chart attached from a little different perspective. Doesn't it resemble Inv H&S ?
All the same, it might come down also based on bearish candles formed at the top of this rally..
Regards,
Sumesh
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #6 Posted: Wed Sep 19, 2012 1:17 pm Post subject: |
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Dear RK,
Best wishes for your new thread.Bank nifty Eod -WW,is it eligible for fusion strgy?
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #7 Posted: Wed Sep 19, 2012 1:45 pm Post subject: |
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BGR Energy EOD -WW.
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #8 Posted: Wed Sep 19, 2012 1:51 pm Post subject: |
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BHEL EOD +WW on the way.
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #9 Posted: Wed Sep 19, 2012 1:57 pm Post subject: |
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Cairn EOD -WW.
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renga123 White Belt
Joined: 12 Mar 2010 Posts: 33
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Post: #10 Posted: Wed Sep 19, 2012 2:22 pm Post subject: |
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Dear Friends
Is it valid -WW if it enters inside the channel ?
K.Renganathan
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #11 Posted: Wed Sep 19, 2012 2:27 pm Post subject: |
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chandrujimrc wrote: | Dear RK,
Best wishes for your new thread.Bank nifty Eod -WW,is it eligible for fusion strgy? |
Thanks,Chandru.It's OUR thread .Let me look at bank Nifty.On initial look it's fine.
Last edited by rk_a2003 on Wed Sep 19, 2012 2:52 pm; edited 1 time in total |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #12 Posted: Wed Sep 19, 2012 2:28 pm Post subject: |
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Dkaur wrote: | Thanks RK for starting this thread. |
You are welcome Dkaur.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #13 Posted: Wed Sep 19, 2012 2:29 pm Post subject: |
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rakpeds wrote: | rk ... i think the symmetry is the issue for the WW... even i am in learning mode... but symmetry is needed for the success of WW |
Rakpeds,Symmetry is desirable.But in my experience I learned it's not a must.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #14 Posted: Wed Sep 19, 2012 2:38 pm Post subject: |
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Hi RK,
Please look at the chart attached from a little different perspective. Doesn't it resemble Inv H&S ?
All the same, it might come down also based on bearish candles formed at the top of this rally..
Regards,
Sumesh
Thanks Sumesh,
Yes it's an inverted HNS and broke out from neckline.In the given context upside chances are more.You have always been my saviour in HNS.I miss it always...Thanks again
Again if govt.topples then it may move down (or it may move in rangebound for some time)
What else it can do?.....Just kidding....
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #15 Posted: Wed Sep 19, 2012 2:49 pm Post subject: |
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Centurytex EOD -WW.
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