This correction could be a triangle but the only suspect is Wave A of triangle with a 5 wave down move.
If this is a triangle, it shall mark the end of wave X and start of wave Z.
Wave X can be validated once the price moves above 104.7 and further above wave Y.
However this approach and the linked approach implies that GBPINR is to be traded long at present and adjust profit taking accordingly in future.
If this is a triangle, it shall mark the end of wave X and start of wave Z.
Wave X can be validated once the price moves above 104.7 and further above wave Y.
However this approach and the linked approach implies that GBPINR is to be traded long at present and adjust profit taking accordingly in future.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.