Yes Vikrit, this is in line with the H&S I posted in the Canteen. But for this scenario to come true, the previous lows have to be broken decisively and the price to become comfortable at lower levels.
Hi Vikrit... Posting the same Daily of EURUSD.... You did not draw the Projection Lines from the middle of the Equilibrium Line... Hence, the target for the 3rd projection has got a bit stretched as well....