Alphabets "W" and "M"

columbus

Well-Known Member
#12
@columbus
"What you see on the screen is Real ,what you think is virtual.Stick to Real"
Once Virtual goes in hand in hand with real we make money. :D
Hi Debarghya Mukherjee,

Put in another way, control your Greed & Fear.
 

jallanankit

Well-Known Member
#13
So how would you define the entry/exit points on an M or W ??
For safe and novice traders..

Enter as and when the 4th leg of M or W reaches the level (vertex) the turning point of 2nd and 3rd leg.. (of the 7MA)

For advance traders..

draw a trend line using the high point from the 1st leg of W formation, connecting the vertx area and then moving ahead..!!
 

jallanankit

Well-Known Member
#14
W formation completed in 5 min chart.. expecting some good up move.. cant say more.. expiry day.. charts may b messed.. lets c wat happens..!!