RCOM has formed INHS pattern in 60mins TF with below points:
Shoulder - 126.35 - 126.4, Neckline - 123.55, Head - 115.50
BO above - 126.4
T1 - 129.25, T2 - 137.3. SL - 124.9
RCOM has formed -WW pattern in 60mins TF with below points:
1-123.85, 2-115.50, 3-125.35, 4-121.45, 5-126.4
Min tgt = 122.9, Max tgt = 114-116, SL = 128.15
The below charts is showing probable EW counts in Daily TF. As per counts, RCOM is in ii wave of C of 4th and expecting it to touch the upper line of the channel around 130.5-131 and thereafter iii wave may commence in downwared direction.
End of C wave can be inferred from retracement leves for the fall from 137.45-115.5. Also, if this is iv wave, then it should not go beyond 91.85 (which is end of 1st wave)
Shoulder - 126.35 - 126.4, Neckline - 123.55, Head - 115.50
BO above - 126.4
T1 - 129.25, T2 - 137.3. SL - 124.9
RCOM has formed -WW pattern in 60mins TF with below points:
Min tgt = 122.9, Max tgt = 114-116, SL = 128.15
The below charts is showing probable EW counts in Daily TF. As per counts, RCOM is in ii wave of C of 4th and expecting it to touch the upper line of the channel around 130.5-131 and thereafter iii wave may commence in downwared direction.
End of C wave can be inferred from retracement leves for the fall from 137.45-115.5. Also, if this is iv wave, then it should not go beyond 91.85 (which is end of 1st wave)
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