Elliott wave analysis of USD/TRY (Turkish Lira)

2020-01-09 23:26:44

According to the plan (look update from December, 5 in my telegram channel). Now I have left only upward options for consideration on the pair, too beautiful a triangle in the wave "4" is obtaining or has obtained. The critical level for any of these cases is marked in red and the target is above the blue (turquoise) level.

If the triangular is already completed, then the initials (first-second) waves are forming in the wave "5". This option is basic and it is marked with colored letters and numbers, and the price dynamics is depicted with an orange brush. It will be confirmed by breaking the green level up.

If the triangle is still developing, then most likely the wave is forming in it. This count will be confirmed during the breakdown of the orange level, and then we will wait for the price on the option marked with a gray dotted line.