USDINRAnalysis 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 chartWatchful!!
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 T181 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).
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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.