USDTRY Big Correction Underway

23 Eki 2015

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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