8.80-8.30 band has a critical head-Shoulders image. If this is broken, a downward movement of 50kr may come. Even if the dollar appreciates, there is a positive atmosphere in macroecnomy, that will provide this breakdown.
Probably, Trend is broken. Minimum correction is take back to the 5th wave according to elliott wave rule. Maybe under of the 57$ level not be real because economic activity is recovering.
29k level is strong. Price is retest to much this support. My predicted is short correction to the up. After that will recheck to the chart. If price break to 47k level, can see two-top pattern. Different time-period examine can be good for understanding direction of graphic. For example ,daily weekly monthly formations or candlestick pattern.
BASIC ANALYSIS Previously, we knew that BTC rises are now narrowing the money inflows to gold in the market. (Shunt Manukyan) Now I don't know the Buy-Short position ratio. But I believe that the decline in BTC and the potential of Gold will lead the money back to Gold . Even if the FED begin to tapering move, let's not forget that the money printed will cause...
Gap can be resistance for up trend. Maybe ,price can create triangle patern. PLS LİKE AND FALLOW ME
B-C piece of ABC correction, was completed with five wave. Correction of falling five wave is coming.
I said earlier that 5 waves were completed on another chart. Now A-B-C correction starts.
Exactly, I don't know where the 5th wave will react. Can fallow price. Good earnings!
A-B Wawe is very candle volume. B-C coreation of A-B.(very low volume candle) Priece candle are closing last two week.
BASIC ANALYSIS Previously, we knew that BTC rises are now narrowing the money inflows to gold in the market. (Shunt Manukyan) Now I don't know the Buy-Short position ratios. But I believe that the decline in BTC and the potential of Gold will lead the money back to Gold. Even if the Fed switches to tapering moves, let's not forget that the money printed will...
We mentioned it in the Turkey Stock Exchange Future analysis. The 1580 level was important. Now I think the nose is a clear peak. If 1466 is broken, the correction will be started in the stock market. I think the first possible target is 1215. I cannot predict beyond the 1215 level before the price reaches 1215. There are 2 possibilities.
Significant improvements in Turkey's internal dynamics took place. You can get the details from the necessary authorities. That's why I have to analyze again. Correction starting at 8.60 according to technical analysis. It seems to have ended at 6.90. Now I'm waiting for a 5 waves impulse wave. I have a double peak expectation at 8.60. Key resistances: 7.78 8.00 8.58