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. 

Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Roelant Mier
2020-03-31
I have been following you for years (paid membership at the time also).

Still 100% impressed with your calls. Coffee, oil, and Natgas working out well!

Thanks for all you do
Roelant