Uncategorized

USDTRY 1H EW

THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI

I suppose we are in a correction move from August, 2018. Correction wave I expect to be a WXY (pink).
W leg is an ABC (cyan)
We are now in X leg which I expect to see a WXY (green), as seen on the chart range for pink X is very large. Frankly speaking this is a complex wave and a long sideway movement. It is not obvious for me now whether it has enden in purple C wave or will continue to form WXY (green). Momentum of direction after C (purple) will define where we are exactly.

Daily chart

4H chart

1H chart

Purple C is consist of subwave ABC (red). We are not at the C leg, which is a abc (yellow).
c leg of this yellow subwave is a diagonal which has a complex 2-3 leg.

Leave a Reply

Your email address will not be published. Required fields are marked *