Wolfe Waves

[stockstopp]

 

[DPKAUR]

Hello Everyone,
No posts in this thread from last so many days??
There is +WW in LICHSGFIN_WEEKLY CHART. A long can be taken in this counter @ 199.5 with SL @ 194 on closing basis. Targets are 210,234,251, 268, 300 (Triple Top).
The chart is updated till 24/7/13. A close below 194 will take this counter to 177 to 165 levels.

 

[mangup]

Hi DPK,

Can u pl explain why u have not considered Sept & Nov Bottom as pt 1?
http://imgur.com/xyEZUPz

 

[DPKAUR]

Hi DPK,

Can u pl explain why u have not considered Sept & Nov Bottom as pt 1?
http://imgur.com/xyEZUPz

That can also be taken as point1... but it will not be then WW the channel will diverging not converging

 

[anil_s_trivedi]

my first attempt just waht i observed, is it a valid WW.

 

[a1b1trader]

my first attempt just waht i observed, is it a valid WW.

Good attempt, Anil bhai
Yes, it is a valid +ww.

 

[mangup]

my first attempt just waht i observed, is it a valid WW.

I think volume reqd for pt 5 was missing. We got another pt 5 at 13:45 with good volumes. I entered now.

 

[mangup]

Now pt 5 are getting extended....!:annoyed:

 

[a1b1trader]

Hi Anil bhai

As you have started with WW charts, I hope that we will see more WW charts in future as well.

Just a suggestion and hope that you will not take it otherwise.
When the span of a ww is long, then 5 min TF chart is not the right choice.
Use 10 min or 15 min TF and see the difference.

5 min chart

Uploaded with ImageShack.us

10 min chart

Uploaded with ImageShack.us

15 min chart

Uploaded with ImageShack.us

 

[anil_s_trivedi]

Hi Anil bhai

As you have started with WW charts, I hope that we will see more WW charts in future as well.

Just a suggestion and hope that you will not take it otherwise.
When the span of a ww is long, then 5 min TF chart is not the right choice.
Use 10 min or 15 min TF and see the difference.

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Dear a1b1trader,

Yes i got it. Lower timeframe is not the proper way. Thanks sir for pointing out in due time. Please feel free to share. I am just a learner with this new tool.

Thanks