Tuesday, January 24, 2012

Nifty P&F Mid(Wk 2301-2701) - Nifty qulifies a high pole, bears ready for a pole-dance!

Pole: When a price movement continues without a correction for visibly longer than its immediate predecessors.


Nifty up on a pole:

Poles are highly profitable to trade. However, instead of entering at 50% reversal, I recommend 3-box reversal provides better risk:reward.

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