Dear All,
On 12 Aug given Update On Crude http://abhaymehrotra.blogspot.in/2014/08/crude-neo-wave-analysis-buy-or-sell.html
We were expecting upside but crude was not sustaining above 6050 .........our Stop and reverse sl was at 5930 .........Trading is not about being right its about Trading right .. when market is not willing to go up we should respect market and go with the flow ........in post on 12 Aug we also warned that if lower levels not sustain we can see 5855--5740 levels .
Below is the chart posted on that day
On 12 Aug given Update On Crude http://abhaymehrotra.blogspot.in/2014/08/crude-neo-wave-analysis-buy-or-sell.html
We were expecting upside but crude was not sustaining above 6050 .........our Stop and reverse sl was at 5930 .........Trading is not about being right its about Trading right .. when market is not willing to go up we should respect market and go with the flow ........in post on 12 Aug we also warned that if lower levels not sustain we can see 5855--5740 levels .
Below is the chart posted on that day
What Happened after it
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Abhay Mehrotra
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