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#2
3rd May 2007, 01:47 PM
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Re: Wolf wave in Bajaj Auto
no ways as far as i know for sure it ia not wolfe.
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#4
3rd May 2007, 04:55 PM
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Re: Wolf wave in Bajaj Auto
Hi all,
the chart is not of wolfewave. point 3 is above point 1 and hence there is no 1-3-5 down sloping trendline. What our friend has plotted is merely five different swing points. Regards, Winston
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#5
3rd May 2007, 05:26 PM
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Re: Wolf wave in Bajaj Auto
Hi
Investor is bullish by basic instinct. Thats why always sees and imagines bullish pattern even when none exists. Relook at same Bajaj auto weekly chart with bearish markings and see the downside. Why did look u look @ weekly chart in middle of the week. It should be at end of week i.e. after 3.30pm friday. ANd u should have patience to hold to your positions for weeks. Which one is correct????????? regards Ajax
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#6
3rd May 2007, 05:35 PM
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Re: Wolf wave in Bajaj Auto
Hi Ajax,
you too have wrongly plotted this Ww, Ww's cant be found in triangles. You have plotted downward sloping1-3-5 Trendline for bearish set up which is reverse. Those who have bullish set up: 1-3-5 TT must be downward sloping Those who have bearish set up:1-3-5 TT must be upward sloping
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#7
3rd May 2007, 05:44 PM
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Re: Wolf wave in Bajaj Auto
Hi winstonn
I fully agree, niether is a valid Wolf pattern. I was only trying to highlight the mindset. People are jumping gun and seeing patterns to suit their convenience and state of mind Bajaj auto weekly to me appers a triangle with downwards breakout regards Ajax
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