ew-forecast
Short

USDTRY Big Correction Underway

FX:USDTRY   U.S. Dollar / Turkish Lira
On the Daily chart of USDTRY             , price made a reversal from the Sep highs, where blue wave 5-circled found a top. That said we know that after every five wave sequnce, there is a three wave retracement. Price could now be trading in the first leg of this correction in blue wave (A) or 1, so we expect more downside after blue wave (B) or 2.

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Maybe we hit blue wave on 12 hours
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DownUnder DownUnder
ditto
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The drop may occur 2 Nov. ?
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