I am using GCI USDINR Chart.
CMP 62.59
Based on my Analysis,
Wave 1 - 52.53
Wave 2 - 43.81 (retraced 61.8% of wave 1 which is the normal retracement)
Wave 3 - 64.73 (has done more than 176.4%)
Wave 4 - 58.34 (retraced more than 38.2% of wave 3 which is the normal retracement)
So, Now, If 58.34 supports, I expect to see minimum 68.73 again and my normal target is 71.50.
CMP 62.59
Based on my Analysis,
Wave 1 - 52.53
Wave 2 - 43.81 (retraced 61.8% of wave 1 which is the normal retracement)
Wave 3 - 64.73 (has done more than 176.4%)
Wave 4 - 58.34 (retraced more than 38.2% of wave 3 which is the normal retracement)
So, Now, If 58.34 supports, I expect to see minimum 68.73 again and my normal target is 71.50.
