=> For those who believe in the bearish Turkey story, we are in the early stages of a 5th wave which we mentioned in our previous ideas... it can be seen clearly here and shows how the floodgates for the highs are wide open.
From a technical perspective the 5th wave target, the first major target is 7.85 (assuming wave 5 is a 1.00 ratio in length of wave 1).
Given the nature of this rally so far there is a very large chance this can extend well beyond the initial targets as far as the 2.168 extension above the highs.
It is also worth noting for those following EW that the 5th wave usually marks new highs... confidence in this view will increase above the 161.8% so for those wanting a less aggressive entry you can sit tight and watch closely and good luck to those wanting to pull the trigger early for the next few Quarters in 2019.
This is going to be a monstrous move and worth tracking for those interested in watching the EM collapse continue.
I used to work in a factory that was owned by Turkish people. The women are beautiful. I used to bring bacon/pudding toasties and do them in the sandwich toaster for lunch. The disgust from all of them was something to behold. Lovely people, messed up leader only way is down until he is replaced.
SonerB
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@amutt, Shut up and mind your own business !!! We choose our leader and we will walk with him ! We will NOT kneel down to these currency speculations managed by citybank , deutchebank , jp morgan , and if you wonder why because we follow our own plans in Syria and in the middle east ! We will not accept to be Muppets like many Arabic countries
ridethepig
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@SonerB, Lol mate... calm down... is a dictator who has wiped out all democratic institutions since your home made 'coup' ... a serious contender for worst populist of the year
SonerB
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@ridethepig, Hahahah dictator , yeah right ! nice labeling , we saw that movie before in Iraq , Lebanon , Syria .. You know what go long on EUR and USD earn your money but I tell you one thing we LOVE our dicatotor and we will never let him walk alone , stick that in your head :)
amutt
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@SonerB, you're deluded. He was not elected the second time he took it. But whatever be brain washed. The whole world is going to shit and I blame twitter and facebook!
SonerB
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@amutt, oh brain washed bla bla bla I have been voting for him since 20 years, now get lost and mind your own business.
AlphaTrader_
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@SonerB, they are putting the dictator label on leaders who don't kneel for USA. Thank got we have a powerful leader
@amutt, Now be draconian (again) and say the vote was bs just like all his last ones were. Until the US or FR get pissed and decided hes no help any more.
amutt
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@SonerB, Did you notice in the last week that the Russians have kinda moved on Tripoli? So for now he might be safe and the only reason for that is the geo location of your country and hes a yes boy to the powers. But what the fuk do I know, I dont watch tv, get snippets of news from wherever, but I know your guy lost the election and there is about to be a war in Libya and thats your kinda area so it 'might' save your guy.