Short

USDINR Next possible Movement

Updated

Analysis on 12th December 2022

>Wave Count - Possibly Beginning of Correction Wave C on bigger cycle.
>Strength - Between the both the tops shown in chart there is a Berish Continuous Divergence.

Note

Forming Sort of Triangle in Smaller TF than shown in above chart
Watchful!!

Have A Good Day!!

Note

Accumulation on top (Downward C type pattern)
Can consolidate till 1st updated Target 81 Rs.

Can breakdown any time
Watchful!

Have A Good Day!!

Note

Finally Strong move !!!

Note

Berish Continuous Divergences Showing their Strength.

Have a Good Day !!!

Note

About to touch T1
81 Rs.

Note

If USDINR breaks down and make another low, then it will further fall of 5th wave.
Hold short positions with SL of 81.8843 (Closing bases).

KRSCharts

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