The chart below is an attempt to introduce my perceptions on USDINR.
My most favorite count is the blue one. The red one, as an alternate, keeps me on my toes.
Today's dip below the previous low has left me guessing but as long as the thin black channel is intact, USDINR is continuing to go down. At this juncture, I am wary of the possibility of extended C5, whose first fractal was possibly done today. More clarity may emerge tomorrow.
My most favorite count is the blue one. The red one, as an alternate, keeps me on my toes.
Today's dip below the previous low has left me guessing but as long as the thin black channel is intact, USDINR is continuing to go down. At this juncture, I am wary of the possibility of extended C5, whose first fractal was possibly done today. More clarity may emerge tomorrow.
No comments:
Post a Comment