Wednesday, August 26, 2009

Bearish ABCD and Wolfe Wave pattern in Tata Motors - 26th Aug 09

Tata Motors Chart - Hourly:
Tata Motors formed a Bearish ABCD pattern and Bearish Wolfe Wave in hourly charts. Symmetry is good and the convergence is also good.

Wolfe Wave marked in aqua
Sweet zone is marked in pink
Target for Wolfe Wave is Marked in Red
ABCD is marked in Blue.

Watch out for an update on the blog when the short triggers!

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