Wolfe Waves

a1b1trader

a1b1trader

Well-Known Member
#1,181
#1,181
prst said:
Thought it was a WW in unitech, but it seems to be a wedge.
is it good to take position now ? or should wait for trend to build up upwards?
Click to expand...
Hi prst

My observations about the chart,

The chart above is under the beating, due to H&S pattern and IMO it will face more beating, as it has not yet met the target of H&S.

Secondly, yes there is a +ww, but this is a weekly chart, so it may take several weeks to meet the target, if there is one.

So it will be better to wait for trend to move upward, if not in weekly then atleast in daily chart.
 
a1b1trader

a1b1trader

Well-Known Member
#1,187
#1,187
Anil Bhai

No, No
For +ww, 1-3-5- line should slope downwards and not upwards, at the most horizontal and the bottom of the candles of points 1 and 3 should be in one line
 
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