Dear Ajax ,..
when we are discussing pick bottoms and blow tops ... some other methods are also should be considered.
Dont mind ,.. its just a knowledge sharing game ..
hereby posting chart of Siemens ,.. most probably forming AB=CD pattern on the charts.
As much as i can see Volumes are not supportive so, There are lot of chances for Wrong Pattern Identification but I hope u will throw some light over it and will correct me if i m wrong.
chart attached ,.. comments welcome ...
Regards,..
Darsh
when we are discussing pick bottoms and blow tops ... some other methods are also should be considered.
Dont mind ,.. its just a knowledge sharing game ..
hereby posting chart of Siemens ,.. most probably forming AB=CD pattern on the charts.
As much as i can see Volumes are not supportive so, There are lot of chances for Wrong Pattern Identification but I hope u will throw some light over it and will correct me if i m wrong.
chart attached ,.. comments welcome ...
Regards,..
Darsh
Yes,, any bottom formation pattern... Double / Tripple bottoms, wolfs ,
falling wedges , Morning star, Hammer with long tail etc etc.
Any thing can be discussed here...
As for AB = CD visit site
http://www.harmonictrader.com/price_patterns.htm
Ajax