#elliottwave #supportandresistance #usdinr #USDINR
based on Elliott wave theory and support and resistance
so here according Elliott wave theory it is making 3rd wave of higher degree.
WHAT IS HAPPENING IN RED CHANNEL ?
IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH WAVE IT WILL FALL NOW.
SHORT IT AT 73.532
TARGET - 72.342
based on Elliott wave theory and support and resistance
so here according Elliott wave theory it is making 3rd wave of higher degree.
WHAT IS HAPPENING IN RED CHANNEL ?
IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH WAVE IT WILL FALL NOW.
SHORT IT AT 73.532
TARGET - 72.342
Trade closed: target reached