Update at 11:45 AM:
Nifty is at ascending triangle's resistance line. Below is the latest chart
Thursday, June 25, 2009
Bearish ABCD pattern in Nifty - June 25th
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Bearish ABCD in Nifty Futures. Secondary harmonics in play, need to take with pinch of salt
Update at 11:45 AM:
Nifty is at ascending triangle's resistance line. Below is the latest chart
Update at 11:45 AM:
Nifty is at ascending triangle's resistance line. Below is the latest chart
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8 comments:
Hi..Doji,
That was right on time..
HELLO DOJI
How to set Target in ABCD pattern
Ilango sir, thank you.
DOJI
One more question,
How u draw this Yellow colored dotted line,
and what are those figures say 0.5 & 2.09
and what they mean
Thnks in Advance
Hi Manoj,
62% and 78% are the targets. ABCD is one of the simplistic patterns and its easy to find and understand by searching in google. I had mentioned these in the privious posts earlier also. Please do your own study and may be you can post the target values in the comment next time :)
Thanks,
Doji
OK Doji
Thnks DOJI
I will try to comment best on the Pattern with the Target what i understood if any mistake in Targets u can correct it and answer the same
Thanks
DOJI
is 68% retracement is always the First Possible Target or Price Price may reverse from 50% also
which software are u useing for hourly or intraday charts?
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