The above chart was sent to me yesterday.It was a very good observation by my friend and fellow learner Jignesh Patel(Jigs).He seemed to have picked a Diamond formation.For the people who are unaware of this formation I suggest that they visit an excellent site by Thomas.N.Bulkowsky.I have found his site a treasure trove for traders who like to trade patterns.Today's move in nifty also corroborates the formation.Thanks Jigs for bringing this to my notice.
Tuesday, March 25, 2008
Diamonds are Forever!!!
The above chart was sent to me yesterday.It was a very good observation by my friend and fellow learner Jignesh Patel(Jigs).He seemed to have picked a Diamond formation.For the people who are unaware of this formation I suggest that they visit an excellent site by Thomas.N.Bulkowsky.I have found his site a treasure trove for traders who like to trade patterns.Today's move in nifty also corroborates the formation.Thanks Jigs for bringing this to my notice.
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