Friday, September 4, 2009
Update: Possible Bullish Gartley in LITL - 4th sep 09
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LITL Intraday Chart - 5 mins:
Update on Possible Bullish Gartley in LITL, it formed a a Bullish Wolfe Wave in intraday giving an opportunity to enter the trade at 398. It showed good strength later on, above is the 5 min chart of LITL marked with Wolfe Wave and Flag and pole. I couldn't post this live.
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3 comments:
Breaking 412 can it reach 430/435 ? can we keep that as target ?
Hi ramani,
Reversal entry has triggered at 398 level with the stop loss of 392 for the target of 428 and 459 as first and second targets. After reaching the first target, I usually book some and trail the stop loss with the rest. New SL value and % of profit booking are on the spot decisions.
-Doji
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