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$BIST looks quite sharp here, so a bearish triangle could be already completed at the same time when $USDTRY turned up from the lows. More weakness in view for $BIST and more upside for $USDTRY, but maybe after a small correction in wave ii/2! #BIST100#USDTRY#elliottwave
$BIST$XU can be finishing a complex w-x-y expanded flat correction in wave B around 61,8% Fibo. retracement and 108000 level, while $USDTRY is finishing a triangle in wave 4! Some big moves may occur soon. #Turkey are you ready?! #XU100#BIST100#USDTRY#correlation#elliottwave
The reason why $USDTRY may see an impulsive bounce is a BIST100 chart, where we clearly see a completed three-wave rise, so with a decline on BIST100, USDTRY may see a bigger recovery. #USDTRY#BIST100#correlation#elliottwave
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$USDTRY is moving nicely towards 6 area as expected! Keep an eye on projected resistance between 6.10 – 6.30 levels, where bulls may slow down since we noticed a complex W-X-Y rise within wave B of a big bullish triangle pattern! #USDTRY#bullish#triangle#elliottwave
Hey $Turkey! $BIST made an extended 5th wave for wave (c), which is now equal to leg (a). And now, at the end of 2019 it's trading right around important 78,6% Fibo. and 114000 area, so watch out for a bearish turn in 2020. Happy holidays and all the best in 2020! #BIST100#XU100
$Turkey are you watching $BIST$XU?! It's approaching very important 61,8% Fibo. resistance around 108000 level now, while $USDTRY Futures can be finishing a triangle here around important 5.70 – 5.60 support area. Patience, bullish confirmation only above 6.0! #elliottwave
A One month $USDTRY flashback chart since April 09 and our members were warned about! As you can see, we are now at important resistance area, so be aware of a potential drop! #USDTRY#elliottwave#flashback
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Well, $USDTRY and $EURTRY made some significant bounce and a break above resistance line! If they continue higher above bullish confirmation levels, then correction from all-time highs can be completed! #USDTRY#EURTRY#elliottwave
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We have no problem admitting we were wrong on $BIST. $Stock market across the globe has been pushed strongly to the upside into new highs, which seems to be a blow-off top now. $USDTRY still looks like a bullish triangle, so $BIST can be still upside limited. $Turkey, carefully.
We still remain bearish on USDTRY and EURTRY as long as they are trading beneath invalidation levels; USDTRY 6.22, EURTRY 7.33.
Targets for USDTRY 5.0 and EURTRY 6.0 are still in view! #USDTRY#EURTRY#bearish#triangle#elliottwave
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$USDTRY is becoming more and more complex. After that spike up, we still believe that more upside can be coming within W-X-Y recovery towards 6 area. If we are right, then $USDTRY can be unfolding a big bullish triangle pattern! #USDTRY#elliottwave
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