Update @12:40:
Both the patterns got stopped out badly.
Points to consider for this: (1) pattern formed at yesterday's EOD and I mentioned that successratio is low for such patterns (2) Stop-Risk was unusually high for trading these Wolfe Wave.
Thursday, July 2, 2009
Update: Bearish Wolfe Waves in Reliance Infrastructure and Reliance Capital
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Short below 2-4 line - filter for the target of acqa line. Below is the relcap chart follow the same for relinfra, Watch out for risk reward ratio to take the trade.
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