GBPINR Update-1 (Revised)
My view on the short term forecast posted in the linked idea is revised:
https://www.tradingview.com/x/zSQljH0u/
The recent price action is bullish after correction but it is slower than the previous motive wave. Hence I am concluding this wave as an ABC wave.
https://www.tradingview.com/x/DHUrNm1J/
Wave C has a potential to move upto 100.4 but not certainly if extends beyond Dec 6 2022. This wave shall conclude on or before Dec 6 2022 ie within the time duration of wave B.
Internally wave C looks like it is a 5 wave move up where in it have now done with 3 waves with 4th wave to be confirmed by breaking below 96.2 and wave 5 yet to come to finish wave C appropriately.
https://www.tradingview.com/x/GUflCCJ7/
https://www.tradingview.com/x/zSQljH0u/
The recent price action is bullish after correction but it is slower than the previous motive wave. Hence I am concluding this wave as an ABC wave.
https://www.tradingview.com/x/DHUrNm1J/
Wave C has a potential to move upto 100.4 but not certainly if extends beyond Dec 6 2022. This wave shall conclude on or before Dec 6 2022 ie within the time duration of wave B.
Internally wave C looks like it is a 5 wave move up where in it have now done with 3 waves with 4th wave to be confirmed by breaking below 96.2 and wave 5 yet to come to finish wave C appropriately.
https://www.tradingview.com/x/GUflCCJ7/
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