📍 The panic leg here is because we are reaching the endgame in the economic cycle. There is a risk of Turkish banks defaulting on this leg so watch-out for any exposure to specific sectors. If the operation demonstrated is a successful attack, then we have the final ✅ for those trading the macro move called last year:
About ROC Strategy :
Go Long when the ROC crosses above the Value of '0'
Short when the ROC crosses below the Value of '0'.
The strategy is a reversal strategy through the use of the 'Cover and go Long' and 'Close and go Short' Actions. The ROC property of 'Period' can be changed for testing purposes using the available ROC 'Factor'
Did The Turkish Stock Market Correction Vanish or Is It About To Happen?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar .
Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions?
There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst...
Swings and position building
We have witnessed a tremendous amount of profit taking after clearing the 7.23 targets in USDTRY and are arriving back into major support territory. The pick-up in local activity was notable as banks were forced to defend the TRY. Many clients I speak to are happy to continue buying USDTRY , the picture looks gloomy for Turkey and...
As you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2.
Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point,...
Bitcoin'de Halvinge günler kala 3800'lerden başlayan yükseliş hareketi 10.060'a kadar geldi.
Bu yükseliş için halving fiyatlanması demek yerine, somut olarak halvingin etkilerinin zaman içerisinde ortaya çıkacak olmasından dolayı, "Halving Şişirmesi" demek bana daha doğru geliyor.
Ellerinde Bitcoin tutan sözde analist youtuber kitlenin sadece yukarı yönlü...
Recognise that this demand for USD is squeezing USDTRY into the secondary macro swing targets at 6.60xx. This is completely inline with the forecasts and all those in leveraged positions are inclined to take profits. We are not out of the woods (yet) and large hands will continue to buy dips in USDTRY as long as we remain in risk-off flows.
The pair followed the world as DXY has crossed beyond the 100 and EM currencies couldn't resist global dollar demand.
So, it's time to update the labels.
We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830
where Y will be equal to 1.618 of W.
This will complete the wave X (white...
USDTRY could dip now into 5.45 area to complete small wave X (white label).
Then the final move up with wave Y in larger degree X could emerge, which could tag former top of 7.0830.
After that the large Y to unfold down to retest the bottom of the entire consolidation at 5.1300