This is a USD-INR 4hourly chart :
The correction from 57.30 -52.45 is a (a-b-c) correction of 4th leg down ,and now the next leg up move should start any time .There is formation of Diagonal triangle in C which indicate the down move of INR is over .There is a positive divergences on every time frame from daily to weekly with huge over sold .
INR had retraced more than 55% of the rise from (48.55-57.30) of the 3rd leg .
The next leg up move will take INR to 62+ in coming few months.
R.K.
INR had retraced more than 55% of the rise from (48.55-57.30) of the 3rd leg .
The next leg up move will take INR to 62+ in coming few months.
R.K.
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