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Monday, April 7, 2014

Elliott wave analysis of USD/TRY - Long term count



USD/TRY

Wave b of the correction from 2.3897 became a Little more complex than first expected, but none the less we are now in wave c lower towards at least 2.0653, but longer term I will be looking for a deeper correction towards 1.9138. It might be in a double or even triple zig-zag combination, but the focus for now should be towards the downside.

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