KISS like McGrath

[Ajax]

http://img14.imageshack.us/img
14/7610/nf60mjun30.png

Possible bearish WW on NF hourly. (4351,4188,4359,4228,4446). Except for BC/AB, other ratios are in range. Time symmetry not too bad either.

Should form direction of continuing trend
Looks more of wedge retracment..

 

[milind]

Should form direction of continuing trend
Looks more of wedge retracment..

Thanks Ajax.
-- Milind

 

[Ajax]

:thumb:

 

[MurAtt]

:thumb:

Sir jee --- online post kijiye na ....

 

[Ajax]

Any Imbalance created... when discovered will be corrected swiftly

whether bull or bear.....

Case study >>>>> RANBAXY today





a. Previous day .. Value area formation on budgetary expectation

of relief for Pharma companies

b. Today .. Attempt to move up from previous VA on expectations

In process .. created bearish wolf (imbalance .. hi on expectation)

c. Down ward correction to achive balance along with general market slide

(epa target of bearish wolf)

d. Further move down along with markets... again creates imbalance

(Manifests as bullish wolf here)

e. Attempt to restore balance (bullish epa target)



f. Market people realise finer print of budgatary provisions.. Life saving

drugs to be duty free & Ranbaxy is a major player here



Push Ranbaxy to new highs... Swift move up to find new Value area

(As per JJ's explaination.. it has to be swift move.. else it would

be caught in previous value area ) >> AJAX wave



Thats wolf explained in MP terms.


:thumb:

 

[Ajax]

enjoy :thumb:

 

[Ajax]

enjoy

 

[taqtrader]

1)BANKINDIA Hrly WW

2) Tgt Done today

Happy Trading
Regards,
TAQ

 

[beethoven]

Ajax,

Near perfect bullish WW on NF 5 min TF spanning 20/7 and 21/7 with point 1 at 14:10 bar lo. Target met - reached the lower line of the ray. Then the prices crashed. Hope you took this trade:thumb:
Bee

PS: Will put up chart at EOD

 

[beethoven]