A Possible Bearish Pattern is developing . There are two options:
XA = 5702 -4720 (OR) ................ Case 1
XA = 5197-4720 .......................... Case 2
CASE 1:
XA = 5702 -4720
B = 5064 - approx 38.2% retr of XA (5082)achieved . If sept 2 high is taken as 5112, then the pattern
becomes more valid.
B holding below 5100, the possible C's are:
| 38.20% | 4932.59 |
| 61.80% | 4851.41 |
| 76.40% | 4801.18 |
| 78.60% | 4793.62 |
| 88.60% | 4759.22 |
CASE 2:
XA = 5195-4720
B =5065 = approx 78.6% retr.
Both the Cases becomes invalid if the low of 4720 gets breached. CASE 2 gets invalidated above 5195 without making a low.
3 comments:
Satheesh
Visited your blog today
You are doing great work/study Man.
Keep it up Good Show.
Rule : Never try to predict market
When ever drawing pattern keep this in mind :D
Insha'Allah
In šāʾ Allāh pronounced properly in Arabic insha Allah (إن شاء الله) is an Arabic term to indicate hope for an aforementioned event to occur in the future.
One's use of Insha Allāh indicates NOT one's desire to succeed in an endeavor, but rather that the endeavor one embarks on will be within God's will, which might be interpreted as that which is best for Humanity, the Earth, and all of Allah's creation.
Thanks a Lot DR sir. I feel good after getting an appreciation from a veteran like you. I shall keep your word in mind. I shall henceforth not put down the values as targets - rather I would give it as retracements.
Once again thanks for visiting the blog and for your suggesstions
I found your blog useful.
BTW, you are able to post excel-tables in your blog. Could you pleae tell, in which format you paste the table i.e. copy straight from excel sheet & paste here or save the table in any other form?
Your reply will solve a problem for my blog.
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