=> From a technical perspective the 5th wave target, the first major target is 6.78 (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 at 7.80.
=> It is also worth noting for those following EW that the 5th wave usually marks new highs... confidence in this view will increase above 5.60 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 move of 2019.
=> This is going to be a monstrous move and worth tracking for those interested in watching the EM collapse continue.
More realistic scenario is new high levels.
It will bring turkish lira and stability of turkey in troubles.
B) another scenario is, EU/USA will accept, turkish people had a choice and they took erdogan. USD/EUR will drop and turkey will go more stabile
C) erdogan will knock on IMF's door in summer 2018 and they will take the economy part from him, else it will end badly until 2020