USDINR is ending a fifth wave in Ending Diagonal

Nov 7

After a symmetrical triangle in wave 4, little did I think that wave 5 would end up being a multi month ED. I mean we have been trying to mark this 5th wave count for months and it just keeps extending. In the end we redraw the lines again and again. Today again we are at the top end of the range and if prices stop here we can complete wave e of 5 and form a top. The next few days will be interesting to interpret what is happening to USDINR.