Friday, June 19, 2009

Update: Bearish Wolfe Wave in Tata Steel (1min)

Update on Bearish Wolfe Wave in Tata Steel (1 min). TataSteel is showing strength, looks like it may not achive the target. Keep the stop loss above the pivot + filter. Below is the 5 min chart of TataSteel.


Update at 4:30PM :

This wolfe didn't reach target, but it gave very good exit point for the longs. And reversing at the stop loss was good profitible trade.

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