USD/TRY 4H Chart: Rectangle

Pair has stabilized after a sharp appreciation form 8th to 28th of August and ahs been trading in approximately 800 pip range since then. Pattern's quality is just slightly above the average due to the marginal increase in trading range when forming second top and second bottom. Despite that, pair seems to be developing in the ranks of the pattern' rather well. It seems that the pair is rather sensitive to the Fibonacci retracement levels—38.2% once is almost exactly on the first bottom and could easily be perceived as pattern's support, 23.6% caused turbulence prior to the formation of the first bottom and is being tested at the moment.