Wednesday, July 10, 2013

Short Term Elliot wave Analysis !!!!! USD-INR

Dear All, 
                 Kindly Chk chart .....

Case 1 : We Might have truncated 5 done 
Which means that we will retrace back till 60.90-----61.19 levels in 2-3 days 
Confirmation only done when we pass 60.60 in intra day trade .



Case 2: We are still in wave 5 and completed wave 1 down expect wave 2 up
  kindly chk chart 

If we trade above 60.55 this scenario will not be applicable and can see case 1 to come in effect



Thanks & Regards
Abhay Mehrotra

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