Thursday, August 27, 2009

COULD NIFTY BE FORMING AN ENDING DIAGONAL TRIANGLE?

IS THE MARKET FORMING AN ENDING DIAGONAL TRIANGLE JUST AS MENTIONED IN THE FIRST SCENARIO AS MENTIONED EARLIER IN OUR 3 SCENARIOS?,COMPARING NIFTY WHEN IT MADE AN ENDING DIAGONAL TRIANGLE BEFORE THE HIGH OF 6357 on 8/1/2008 WITH OUR LATEST PATTERN FORMING ON NIFTY AS ON 27TH AUG 2009, THERE SEEM TO BE SOME SIMILARITIES IN THEM AND COULD THE LATEST PATTERN FORMING ON NIFTY BE AN ENDING DIAGONAL TRIANGLE JUST LIKE THE ONE IN JAN 2008, LET SEE BOTH THE CHARTS TO COMPARE THE FORMATION OF THE PATTERN

CHART OF THE ENDING DIAGONAL TRIANGLE FORMATION AS ON JAN 2008



CHART OF THE LATEST PATTERN FORMING ON NIFTY AS ON 27TH AUG 2009, COULD IT BE FORMING AND ENDING DIAGONAL TRIANGLE?

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