BIG PICTURE OF USDINR (ELLIOTT WAVE)

FX_IDC:USDINR1W

U.S. DOLLAR / INDIAN RUPEEICE

Description

⋅ Apr 16, 2017 8:52 AM

Elliott wave chart of us $ inr (weekly chart)

the big picture

we are within the wave 3

Comment

⋅ Apr 16, 2017 12:31 PM

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)

Comment

⋅ Apr 16, 2017 12:40 PM

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*

Comment

⋅ Apr 16, 2017 12:42 PM

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

Comment

⋅ May 23, 2017 11:17 AM

Comment

⋅ May 23, 2017 11:25 AM

Comment

⋅ May 23, 2017 11:32 AM

Comment

⋅ May 23, 2017 11:39 AM

Comment

⋅ May 23, 2017 11:40 AM

Comment

⋅ May 23, 2017 11:41 AM

to conclude this down wave should be concluded by 62.5

Comment

⋅ Jun 5, 2017 1:36 PM

Comment

⋅ Jun 14, 2017 11:40 AM

USDINR

Comments

sandy

⋅ Apr 18, 2017 1:56 PM

fully agreed ichimoku is giving the same target

joel-vg

⋅ Apr 18, 2017 1:58 PM

@sandy, thanks sandy !.

amitavasaha

⋅ Apr 16, 2017 5:03 PM

Can it be a Failed 5th wave happened already

joel-vg

⋅ Apr 17, 2017 10:45 AM

@amitavasaha,

when wave ii was a simple correction , wave iv , we should expect a complex correction ,

so - i do not think it as a failed 5 th wave

simantgoyal

⋅ May 19, 2017 5:55 AM

@joel-vg, Please elaborate more on this .. I am also thinking that it might be a failed 5th Wave.

joel-vg

⋅ May 23, 2017 11:42 AM

@simantgoyal,

please check the above updated charts and comment on it