Hello traders. I counted elliott waves on USDTRY 1-month chart. The price went up a lot in August 2018. The RSI indicator reached its highest level in the 3rd wave. I see a divergence in the last bullish wave on the rsi indicator. The price rose at a 90 degree angle. The price hit the fibonacci 2618 level. I expect the price to correct soon. Or I guess it goes to 3618 level.
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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.