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This is oldest most rooted Turkish bank's shares' 1M dollar based graphic. It is not necessary to draw wolfe formation because all new tops smaller than old tops. The dollar-based price of the stock is expected to increase by 20 percent. To be eligible, the Turkish lira must appreciate 20 percent against the US dollar within a few months, or the value of the share must climb by 20 percent against the dollar, I do not think it will be the first, but even if it is the 2nd, I can not say anything about the Turkish lira based value of the stock, but unfortunately it will not surprise me if there is a big drop from the dollar based large precipice in the long run. But even if the dollar-based chart could rise by 20%, we would expect a harsh downward trend. When we combine 1 to 4 on the 1-month chart of last year, the outlook is negative.
By the way i believe this share will test dollar based new records but a few years later.
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