BIG PICTURE OF USDINR (ELLIOTT WAVE)

Dolar A.S / Rupee India (FX_IDC:USDINR)

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FX_IDC:USDINR Dolar A.S / Rupee India

USDINR

usdinr

Elliott wave chart of us $ inr (weekly chart)

the big picture

we are within the wave 3

Komen:

this present down trend should not go below 57.2
(wave 4 cannot go into the territory of wave 1- as per the elliott wave)

Komen:

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*

Komen:

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

Komen:

Komen:

to conclude this down wave should be concluded by 62.5

Komen:

Penafian

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