Elliott wave chart of us $ inr (weekly chart)
the big picture
we are within the wave 3
the big picture
we are within the wave 3
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within the downtrend (wave C) , it appears wave i,ii,iii is over.
very soon (this week) we will be in *wave 4*
*wave 4* - i expect a 38 % retracement of wave 3 which is projected to go to *65.7*
very soon (this week) we will be in *wave 4*
*wave 4* - i expect a 38 % retracement of wave 3 which is projected to go to *65.7*
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i expect the final target for wave C to be 62.2
Please do criticize if you have any other views
all views are welcome
Please do criticize if you have any other views
all views are welcome
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to conclude this down wave should be concluded by 62.5
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(wave 4 cannot go into the territory of wave 1- as per the elliott wave)