@Shriram... You usually identify WW patterns... Is it valid only for Candle Stick Charts? Can we rely on WW pattern on line charts? If you look at Nifty monthly line chart, a bearish WW can be seen with price target around 3500 on nifty with a time span of about 8-9 months...that is around election results one can say..
master plz guide if wrong in counting:-from 5119-6142 6142-5701 5701-6343 3rd(1) 6343-5972 3rd(2)(i) 5972-6212 3rd(2)(ii) 6212-5973 3rd(2)(iii)a 5973-6124 3rd(2)(iii)b 6124- in progress 3rd(2)(iii)cplz plz reply i am studying ew. very weak in this,.
how can impact the new signal-ns closed below wlema last week.
Namaste Ilango Sir & Blogmates, Neutral to Bearish: Bulls come back party was over in a day with the Bears hammering them out of the Option Table, with 6200 level now resistance till expiry...: Option Analysis for 26-11-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
@gkm2231 5118-55802 5580-53183 5318-61434 6143-57015 5701-6343A 6343-5972B 5972-6212C.1 6212-5973C.2 5973-6123C.3 6123 down running
@ Harsh:Ideally one shud stick to hi-Lo Candle Sticks for identifying WW pts... some ppl though accept CLOSE PRICE (line chart) patterns also.WW , like EW or Classic TA is a PATTERN... standalone it has NO MEANING , NO DEFINED PROBABILITY OF UNFURLING.. but when combined with HARD OI DATA & Higher T/f Support / RES , it gives Excellent R:R & Hi-Prob setups