ew-forecast
Long

USDTRY UPDATE: Possible Triangle Completed

FX:USDTRY   U.S. Dollar/Turkish New Lira
In our previous article about USDTRY             we talked about the basic of a triangle correction pattern, talking about each leg and how many sub-waves each has, and were price will go after this complex correction is completed. That said as we see price recently broke above the wave B swing, out of this triangle pattern, which gives us an idea that wave IV could be over and more gains are already underway in black wave V. If that is the case then price may now continue even further to the upside, but with some sub-wave corrections that may take place, in our case we are talking about sub-wave 4, which can find its support around the upper corrective channel line.

www.ew-forecast.com
@ewforecast
www.ew-forecast.com

@ewforecast
suburra
4 months ago
overlap
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out