USDTRY at inflection point


USDTRY: the pair reached the resistance where the circled B was supposed to complete - and further extension to the upside would force me to revise the count and adopt the Alternate 1W count targeting 8.3 area as a new primary.

BaseCase - TRY= - Alternate 1W - Apr-17 1506 PM (1 week)
BaseCase - TRY= - Alternate 1W - Apr-17 1506 PM (1 week)
BaseCase - TRY= - Primary D - Apr-17 1503 PM (1 day)
BaseCase - TRY= - Primary D - Apr-17 1503 PM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.