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Old 29-03-2009, 09:29 PM
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shiree shiree is offline
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ACC had a succession of Bearish Gartleys in an Ascending wedge .
Right now we are staring at possible correction from here.
As per the chart, at the completion of each pattern , price did give correction albeit not very convincingly.
However presently the pattern has power of TWO to be successful , lets hope it delivers.
1) Gartley.
2) Rising Wedge.


Needless to say the examples are rampant with failures.
However one thing remains outstanding , that , move after these patterns in favour or against are volatile . Is'nt that what some skilled traders yearn for, atleast option traders , who can exploit this characteristic very favourably to their advantage.

Last edited by shiree; 07-04-2009 at 10:01 PM.
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