USD/INR - A huge inverse S/H/S bottom has been triggered

USD/INR a huge inverse S/H/S bottom has been triggered 

Please see my posts from August 20 - 2014 here and from October 7 - 2014 here first. 

Today the neckline of a huge inverse S/H/S bottom was triggered calling for a rally to 70.18, but this rally could easily become much larger and even turn into something very ugly if a collapse of the Far East currencies is brewing.

From an Elliott Wave perspective a series of waves one's and two's has been unfolding since the May 22 - 2014 low at 58.20 and therefore a series of wave three's and four's now should be expected, with much more upside to come. 

Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
JT
2014-06-23
Its been a pleasure over the years I have been following you and even better as a member the education you provide in my view is invaluable you can read books as I have but to see how you evolve your ...
Thomas
2014-08-11
Sublime Counts!