This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.
August 25, 2011
Harmonic bat pattern NS hour
XA = 5194 - 4798
B = 4965 = 38.2% of XA
C=4839 =approx 78.6% of AB
tgts of D 4908,4927,4950,4981,5036
Aug 26:
The above pattern is not fully developed. must redraw the chart s per the new low
Aug 29:
The above pattern is invalid as new lows have been formed. It is taking the shape of an ABCD formation.
Labels:
Harmonic patterns
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