KISS like McGrath

[hills_5000]

ok guys ....check this out on reliance inds.... a bullish W...followed by a bearish W...... am i reading this correct?....

amit

 

[sankar17f]

from my understanding there is no wolf.

 

[lazytrader]

Keeping a target of 2350-2400 by sep1st (it's judgement day from RNRL-RIL) anything can happen in Supreme court. Hold tight stops.

 

[aimer]

This is the 5min chart of tatasteel...all the technical parameters are within range...symmetry is 18:20 candles....I think it is a WW... seniors comment appreciated....

 

[aimer]

Another 5min chart of Aban...do we consider it as a WW....

 

[lazytrader]

It needs to reverse at pt E. Since it hasn't then pt E is way far above spoiling the ratio. Looking at the WRB and gaps it looks like it will runaway on the upside.
Also the retacement of 50% after completed it that resumed it's uptrend.
So i don't think wolfe wave here.

 

[Ajax]

Danav

Tata steel looks fine... should get to target

Even I noticed the Aban ... D point is a bit low (with long tail)
its a wolf structure alright ..
But that Candle @ D ( Long tail hammer) should have indicated
the possibility of prices running out of hand
This type of structures r best left alone:thumb:

 

[Ajax]

:thumb:

 

[Ajax]

:thumb:

 

[hills_5000]

Hey Ajax,

you're taking a W ( which is bearish) and making it bullish , where as my understanding is that it is an inverted W, an M, which is bullish...

just my five paisa on it...

regards

:thumb: