EURINR hold onto long term setup
9 Feb 2021 ● 08:01 AM
EURINR has pulled back below the rising trendline, so I am taking it that wave 3 ended and wave 4 may be close to completion. What will follow is wave 5 that may also subdivide into 5 waves given the number of legs pending in the underlying pairs. So if wave 1 of 5 is equal to 1 of 3 we get 96. More conservative would be 38.2% of wave[1-3] which is near 93 to start with.