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.
Note
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.Note
4.90 and 5.3 is possible until 26th of this month. But it all depends on the chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.