01) Wolfe Wave ( Bearish ) 02) Price near Triangle channel top ------------------------------------------------------------- 03) Entry - Below Pink Trend line 04) Target - Red Trend line 05) Stop Loss - Above Pink Trend line (Latest swing high) ------------------------------------------------------------- Note : 1) Wait for complete Wolfe wave and then find reversal point for entry. Note : 2) This study for educational purpose only. ------------------------------------------------------------- Twitter - @bagade_arvind
Trade closed: target reached
⋅
Target Reached CMP 660 Your likes on ideas motivate me.
This was awesome man! But can you explain me how it a WW and not a Ascending Triangle?
AVBAGADE
⋅
@Manyyack, Hello sir,
Ascending Triangle Rule - Two trend lines bound prices; the top trend line is horizontal and the bottom one slopes upward.
the top trend line is not horizontal in this chart.
Please check my other Wolfe wave postings and Harmonic postings. While analyse any stock confirm with two or more setups.
Shriram Transport shows another bearish inverted flag pattern.
If any doubt please let me know. I always ready to help you.
If you like other postings please like and share with your other friends to follow me.
Thanks...!!!