The power of Ending Diagonals

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Daily chart of Crompton Greeves and Havells

 Ending Diagonal (ED) or Wedge pattern are normally a reversal patterns. ED occurs are Wave i, wave c wave v etc. It is important to see how dynamic prices react  post the completion of the pattern. 

In the above two charts of Havells and Cropmton Greeves I have made an attempt to show you the importance of the ED pattern and how prices react post pattern. The above two charts self explanatory.

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