Update on Bearish (Wolfe Wave + Gartley) in McDowell - 21st Jul 09

Above is the 30 min chart of MCDowell, Stop loss for this pattern was at 952, which got hit on yesterday. I could not update it due to lack of time.

So much so for the double-bearish influence on this low liquidity stock!

Bearish (Wolfe Wave + Gartley) in McDowell - 17th Jul 09

30m Chart of McDowell showing Bearish Wolfe Wave:

30m Chart of McDowell showing Bearish Gartley:

The above two charts show two strong bearish patterns formed at the same time and time frame. The Wolfe Wave is almost a perfect one but gartley has formed with secondary harmonics in the ABCD arm. Targets for these patterns also coincide at the close ranges. Its quite interesting have such bearish convergence at one focal point. Lets see how this scrip pans out in the next few days.