Recent character change in the TRY made me think a lot. It wasn't fitting in any kind of analytics. I detected a pure manipulation with fast character change. So i spent a lot of time to crack down the character of the trend. In addition, i added some mathematical calculations and probabilities. I ended with 3 target after 3 different pull back or side way. I favor the number 2. When time and price comes together, it gives you the best results.
Comment:
Number 1 option is eliminated! There is only nuber 2 and 3 on the table.
Trade closed: target reached:
Number 2 overhead resistance slowing the breakout. Let's see if there will be consolidation for another leg higher or a test back to break down former resistance level.
Trade active:
You can still trade short if consolidation doesn't work. But if a bullish flag comes out i will let you know.
Comment:
4.90 and 5.3 is possible until 26th of this month. But it all depends on the chart.