of course there are multiple alternate counts , i prefer this count
Destiny will tell us which is the correct wave
my previous count on us dollar inr was this
although i expected to depreciate heavily - presently i think wave 4 is not yet over
comments welcome , Please do enlighten further with your comments
critics welcome !!
Your main clue should be the volume and momentum. Third waves should have a personality that stands out from the first wave.
This is especially so when the price is falling!
So you should choose a lower point if it appears that the price continues to fall at the same speed as before any interim recovery.
There is a small correction in placement of wave 3 if you compare with the previous chart . i feel the present placement is most appropriate
infact wave 3 was extended more than 262 % , So whenever wave 3 is extended more than 162 % , we should expect wave 4 to be shallow especially when wave 2 was deeper , these are just guidelines , but we will be lucky if the guidelines takes a similar turn. also since wave 2 was simple , we expect wave 4 to be complex correction
One such way is to measure the distance traveled by waves 1 and 3 and checking to see if wave 5 equals either of those.
within wave C , price range for wave 1 was 0.97
so if we add 0.97 from wave 4 , we should see the end point of wave 5 --------==64.6 +0.97 = 65.57
SO AROUND 65.57 WE SHOULD SEE THE END OF WAVE 5 WITHIN WAVE c
Then around 65.57 , we should see the completion of WAVE 4