Market Analysis for May 5th, 2020

USDTRY: the topping scenario failed (now marked as Alternate) - as mentioned in the yesterday's Live Video.
Going to keep an eye on this pair as some potentially attractive trading opportunities may be given within waves (5) of the circled 3 and circled 5.
Reversal at 8.29 may be huge.

TRY= - Alternate W - May-05 1035 AM (1 week)
TRY= - Alternate W - May-05 1035 AM (1 week)
BaseCase - TRY= - Primary W - May-05 1035 AM (1 week)
BaseCase - TRY= - Primary W - May-05 1035 AM (1 week)
BaseCase - TRY= - Primary D - May-05 1032 AM (1 day)
BaseCase - TRY= - Primary D - May-05 1032 AM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.