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Wednesday, June 13, 2012

Nifty :Downmove again

I was going for a target of 5300 ...but now i m short ..i think we can go agin into 4960 area....Wolfe wave targets given by BLUE line....rising wedge....also i think we got an ABSORPTION pattern just below the pink line....divergence in hourly RSI...this could be a Bull trap.....pattern matching with september 2011

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