Can't believe I just did this but I picked up Jan $25 calls for $0.20 in case they pop this up like they did last January. It's an all or nothing play, keep it small. In the long run, TURkey is cooked, the Lyra will tank like a TURd because inflation is at 20%, who wants to invest in that?
Pretty typical for TUR to backtest support, rolling into Feb puts
I think the Lira rally is over, TUR appears to have broken the trendline. Keep in mind that this is not currency hedged, so you're basically betting against the Lira currency. I'm always looking for things to short since I can't get bullish on this market. I expect the US market to bounce later this week, but that won't help the Lira.
The panic is light. In the Turkish markets, the beginning of the coming week may bring less relief. Although at this moment it seems to be quite temporary. The exchange rate of TUR has built up a full three wave structure decline. He is currently trying to construct an ABC correction wave structure. This ABC correction wave structure can bring a few days of relaxation.
... for a 1.05/contract credit. High rank/implied (100/78). Metrics: Probability of Profit: 73% Max Profit: 1.05 ($105)/contract Max Loss/Buying Power Effect: Undefined/$194/contract Break Even: 17.95 Delta: 27.47 Theta: 2.17 Notes: Taking advantage of the Turkish meltdown to sell some puts.
The USDTRY trade 2 days ago was probably one of the best trade I've ever traded and called out. With Turkey has such a huge systematic risk, TUR also got sold off on Friday. While, it's going to 2 weekly bullish harmonic patterns combination D point spot. the most reasonable answer to the understanding of these 2 patterns is "Not inclined to chase the short...
Everyone's aware of the crisis in Turkey, I'm just here to play it. Sold -1 Sep21 19/22 Big lizard for $3.06 cr. Risk: 1x cr received Profit: 25-30% of cr received Breakevens: $15.94 to the downside, no upside risk.
I saw that bounce up coming lol
chart is showing a nice buy setup ... would you do it and buy at $18
Chart is clear, it seems that it will bounce back from from bottom boundary of the channel to other fibonacci resistances.
No idea where this is headed long-term, but like the bounce of downtrend line. PT: ~30. Swing trade recommendation.
Spotted a Shark, Nen Star, Crab, and Bat pattern. As someone who is just learning harmonic patterns, I'm amazed as to how well these patterns...well, harmonize lol I swear I didn't mean to make a pun, but there's really no other word to use lol
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Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!