USDTRY Possible Ending Diagonal?
Hi,
First of all, I am not an elliott expert. So, you should not open any positions with this analysis.
If my analysis true, I am seeing an ending diagonal at 5.th wave.
Ending diagonals can be seen at 5th. wave of bigger degree motive wave, or C wave of bigger degree of correction wave.
So as you can see in the chart, I am expecting a rise before a big fall. I can't give you any take profit or stop loss point. Should wait end of 5th wave of diagonal.
Note: There may be an infringement that may invalidate the count: As far as I know, the second wave can not be a triangle
Bests,
First of all, I am not an elliott expert. So, you should not open any positions with this analysis.
If my analysis true, I am seeing an ending diagonal at 5.th wave.
Ending diagonals can be seen at 5th. wave of bigger degree motive wave, or C wave of bigger degree of correction wave.
So as you can see in the chart, I am expecting a rise before a big fall. I can't give you any take profit or stop loss point. Should wait end of 5th wave of diagonal.
Note: There may be an infringement that may invalidate the count: As far as I know, the second wave can not be a triangle
Bests,
6.20 - 6.25 spread is not a dream. But Due to current political situations, 5th wave of ending diagonal can start from around here.