Here is what I feel for USDINR in the short term.......
The ew counts for A
The ew counts for A
| 1 | 60.755 | - | 59.68 | = | 1.075 | ||
| 2 | 59.68 | - | 60.72 | = | -1.04 | -96.7442 | |
| 3 | 60.72 | - | 58.965 | = | 1.755 | 163.2558 | |
| 4 | 58.965 | - | 59.603 | = | -0.638 | -36.3533 | |
| 5 | 59.603 | - | 58.52 | = | 1.083 | 100.7442 | |
| T1= | 58.91922 | , T2= | 58.528 | , T3= | 57.41378 |
Thanks Falcon posting charts. I saw it little late. I was long and closed my position. A4 went above the target. In fact retraced 78.6% off lows ( 58.98). Any chance A4 retrace to 100% off lows or touch prev high again? Another question - very basic... Now wave 3 is completed and we are in wave 4? or Wave 5 completed and we are in corrective waves ABC? Please let me know.
ReplyDeleteRegards,
Srinath
Not going good Falcon. Need to revisit the counts?
ReplyDeleteYup. Breach of 60.18 invalidates this assumption. Bulls are retaining the upper hand and the trading range on the down side may well be limited to 59. I will post the charts a little later.
ReplyDelete