Trading as a part time profession.

[Ajax]

HI Ajax/Rajendra...can u confirm this pattern on the NF hourly please...

This is not wolfe. instead a flag formation

Look for wolfe in direction of the trend
eg Daily HindPetro.. bearish wolfe formed in 'direction of trend'
(also see another chart NF 15M.)

Just happened to read this post by chance.
Just to consolidate wolfes etc answering you in "KISS like McGrath"

Ajax

PS.. also look in shorter time frames .

 

[pkamalesh]

Hey thx Ajax...Me too was confused over the Point 1/A...Thx for the Confirmation...Was Confused as to where to post..From now will ask the queries in KISS...

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[kiranb]

Still no higher low pivot on EOD, can't stop calling u dare devil . Its very good that you are following rules. When the falling wedge is taken out or pivot is formed will join you.

 

[kiranb]

Yes symmetric triangle bro. But still have some doubts on volumes.

kiran

 

[kiranb]

After adding expanding triangle to symmetric triangle, Diamond patten is formed.

i did add last upmove pattens to this chart.

kiran.