Nifty Entry ,Exit ,Target levels with Median Line Charts

[timepass]

Double top possible

....maybe even a double top with a higher right shoulder.

 

[rkgoyal_98]

Dear Kavima

Please look at two cahrts please tell me is the pitchforks i have drawn are correct

If Crude is looking for good Short entry then what should be kept as stoploss
Regards

NIFTY

Crude

 

[sudris]

....maybe even a double top with a higher right shoulder.

were you looking at the mirror when you wrote your post?

 

[timepass]

I had the following in mind. The sentiments are the same at this time, everybody believes in uptrend, everybody believes in some small correction (buy on dips), it may break previous high convincingly...

 

[anjanbm]

Dear timepass,
you mean to say there will be downside correction? looking at previous history.
regards,
anjanbm

 

[timepass]

@anjanbm,

All charting is trying to interpret history for future predictions, isn't it ?

Anyway, in the earlier post I was trying to explain the term "higher right shoulder".

 

[Kavima]

1.02.2012 Wednesday
60 min chart

 

[timepass]

all that mess of eastman colored lines and percentages is beginning to make a little little sense now

but don't ask me to draw one though.

 

[Kavima]

all that mess of eastman colored lines and percentages is beginning to make a little little sense now

but don't ask me to draw one though.

at last one person visiting this thread has begun to understand !!

Tp ...nice avatar pic..

 

[timepass]

Tp ...nice avatar pic..

It's July 2011 with its triple top, 100MA & 200MA and upper BB.