I have been tracking USDINR since august.
I am smol and I'm not a professional.
I trade all F&O, Equity, Commodity and Currency.
I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals.
Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to ...
1. Wave 5 in commodities is extended because of fear . Since INR dependents on crude so wave 5 is extended .
2, Truncated wave 5 , Ending diagonal , extended wave 5 result in a sharp correction . If wave 5 is extended it will correct to wave 2 of the same degree.
3. In commodities post triangle thrust is an extended wave 5 . In this case triangle ...