Possible BEARISH SHARK PATTERN
OX- 5198 to 4796=402 pointsXA- 4796 to 4965=169 points(roughly 0.382% of OX 153 points)
AB- 4965 to 4720=245 points(roughly1.13& of XA 276 points)
(should be between 1.13 to 1.618)
BC- 4720 to 5065= 345 points
(5065 friday high as guided by lord, adjusted open to 5063)
possible complition points of BC(CD in other harmonic patterns)
BC= 1.618of XA=273 mailto:points@%204993
2.24 of XA=378 points@50980.886 of OX=356 points@5076(5065)--------------DONE
1.618 of ox=469 points@5189
14 comments:
hi
so 5189 calling according to this right?? any filter we can use as v already touched 5154 another +40 is damn sure??
Hi sujatha,
Welcome to my blog!! :)
If 5154 breaksout then this is possible. As per the shark pattern also it is 5189. and as per the bearish butterfly pattern the chart which I sent to you yesterday the next target is 5185. The week high ema comes to 5170 so I think 5170-5185 would be a good resistance point!!
mm..full moon day is nearby top out also nearing after that astro weakness upto 3rd week of october??? my own assumption as usual :P my other thinking if 5154 not taken out then "gartley" is valid 5073. damn 5115 is solid supp. as per hrly chart . watching my CAM carefully.
thks for reply
PS : My D is moving ur blog address from top to somewhere else she is always changing something hence not able to trace sometimes even JN also
yes - The Butterfly pattern is valid upto 5185, then 5216. Becaz when,
B = approx 78.6% of XA,
and C = approx 38.2% of AB,
then D takes values at 161.8%,2005 or 224% of BC which are,
161.8% = 5138
200% = 5185 and
224% = 5216.
As we have good resistances at 5175-95 I presume that it might not go upto 5216.
Harpreet replied. So am the happiest person if 5098 breaks. me have that target almost nearby if 5115 spot breakes.
can u remove the "verification"
Wow.....so dear Sujatha's levels are hovering here now. Very good going satheesh, keep it up...good work:)
Rgrds
Kumar
Welcome Kumar sir,
I feel very happy to have an appreciation comment from a seasoned trader like you.
Thanks Sir
Sujatha,
there was no one to comment all these days - So never thought of it. shall do it now :) :)
Dear satheesh!
I visit everyone's blog if time permits & surely comment if his/her work is worthy of praise. You really deserve that bcoz you are one of the most sincere contributors on JN. You see that everyone go to watch a movie in Bollywood, they may be critic of each one but they watch surely. So why we traders or analysts can not visit each other's blog & admit it.
Rgrds
Kumar
Thanks sir. It shows your magnanimity!!
timebeing 5115 is the INTRA CULPRIT strong support. if it breakes expecting atleast 5005?? not too greedy but possibilities.
But as usual grinding and go upside?? :P as timing also nearby 2-2.40 Muhurtham :(
slowly 5177 then 5232??
NF calling 5220 looks like
No sujatha. I don't think so. I have just updated the hour chart just have a look at it the rising wedge is still intact.
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