$BIST looks quite sharp here, so a bearish triangle could be already completed at the same time when $USDTRY turned up from the lows. More weakness in view for $BIST and more upside for $USDTRY, but maybe after a small correction in wave ii/2!
#BIST100
#USDTRY
#elliottwave
$BIST $XU can be finishing a complex w-x-y expanded flat correction in wave B around 61,8% Fibo. retracement and 108000 level, while $USDTRY is finishing a triangle in wave 4! Some big moves may occur soon.
#Turkey
are you ready?!
#XU100
#BIST100
#USDTRY
#correlation
#elliottwave
$Turkey hasn't change much. $BIST $XU still can be a complex w-x-y expanded flat correction in wave B around 61,8% Fibo. retracement and 108000 level, while $USDTRY is still finishing a triangle in wave 4!
#XU100
#BIST100
#USDTRY
#correlation
#elliottwave
$TURKEY are you watching $BIST ?! As we expected on February 2nd, $BIST is back to lows and there's room for more weakness, just watch out for pullback now that can push $USDTRY lower!
#BIST
#USDTRY
#elliottwave
$USDTRY intraday update >> <<
The reason why $USDTRY may see an impulsive bounce is a BIST100 chart, where we clearly see a completed three-wave rise, so with a decline on BIST100, USDTRY may see a bigger recovery.
#USDTRY
#BIST100
#correlation
#elliottwave
>> <<
$USDTRY is moving nicely towards 6 area as expected! Keep an eye on projected resistance between 6.10 – 6.30 levels, where bulls may slow down since we noticed a complex W-X-Y rise within wave B of a big bullish triangle pattern!
#USDTRY
#bullish
#triangle
#elliottwave
Hey $Turkey! $BIST made an extended 5th wave for wave (c), which is now equal to leg (a). And now, at the end of 2019 it's trading right around important 78,6% Fibo. and 114000 area, so watch out for a bearish turn in 2020. Happy holidays and all the best in 2020!
#BIST100
#XU100
@gorkemadir
@gorkemadir
hey! Sure, $BIST can go even higher, maybe even towards 78,6% and 114k, but sooner or later we will expect a bigger decline, because of a corrective structure. Don't take this 70k target too seriously, we will see step by step, the question is how far can USDTRY go.
$Turkey are you watching $BIST $XU?! It's approaching very important 61,8% Fibo. resistance around 108000 level now, while $USDTRY Futures can be finishing a triangle here around important 5.70 – 5.60 support area. Patience, bullish confirmation only above 6.0!
#elliottwave
$Turkey hasn't change much. $BIST $XU still can be a complex w-x-y expanded flat correction in wave B around 61,8% Fibo. retracement and 108000 level, while $USDTRY is still finishing a triangle in wave 4!
#XU100
#BIST100
#USDTRY
#correlation
#elliottwave
A One month $USDTRY flashback chart since April 09 and our members were warned about! As you can see, we are now at important resistance area, so be aware of a potential drop!
#USDTRY
#elliottwave
#flashback
-> <- 14day Trial Available!
$BIST is obviously in a bigger flat correction that can test 100000 - 105000 resistance area, which means that $USDTRY can face limited downside and a bounce around 5.25 level and $EURTRY around 6.0 level.
#XU100
#BIST100
#USDTRY
#EURTRY
#elliottwave
>> <<
After two months, $USDTRY and $EURTRY finally reached projected target area 💪!! If we are right, then correction from all-time highs can be completed.
#USDTRY
#EURTRY
#elliottwave
#flashback
Full follow-up check here:
>> <<
Well, $USDTRY and $EURTRY made some significant bounce and a break above resistance line! If they continue higher above bullish confirmation levels, then correction from all-time highs can be completed!
#USDTRY
#EURTRY
#elliottwave
>> <<
We have no problem admitting we were wrong on $BIST. $Stock market across the globe has been pushed strongly to the upside into new highs, which seems to be a blow-off top now. $USDTRY still looks like a bullish triangle, so $BIST can be still upside limited. $Turkey, carefully.
$USDTRY is becoming more and more complex. After that spike up, we still believe that more upside can be coming within W-X-Y recovery towards 6 area. If we are right, then $USDTRY can be unfolding a big bullish triangle pattern!
#USDTRY
#elliottwave
>> <<
We still remain bearish on USDTRY and EURTRY as long as they are trading beneath invalidation levels; USDTRY 6.22, EURTRY 7.33.
Targets for USDTRY 5.0 and EURTRY 6.0 are still in view!
#USDTRY
#EURTRY
#bearish
#triangle
#elliottwave
>> <<
Hey $Turkey, long time no see. $USDTRY is still slow and seems like it's waiting for $BIST to complete that corrective rally, ideally here around the projected 108000 – 111000 area. And, once it starts falling, this is when $USDTRY may go up HARD.
#USDTRY
#XU100
#elliottwave
$Turkey are you watching $BIST $XU?! It's approaching very important 61,8% Fibo. resistance around 108000 level now, while $USDTRY Futures can be finishing a triangle here around important 5.70 – 5.60 support area. Patience, bullish confirmation only above 6.0!
#elliottwave
$BIST still has room for wave (c) of "d" down, which means that $USDTRY still pointing higher for wave "v" of 1! A rise back above 5.35 level may push the price towards 5.50-5.55 from where we can expect a deeper pullback in wave 2, when $BIST will recover for wave "e"!
#BIST100
$USDTRY can be now on the way at least back to 6.10 - 6.30 area, while it's above 5.50 invalidation level.
#USDTRY
#bullish
#elliottwave
>> <<
Have a great weekend traders!
$BIST turned sharply up again, but we still didn't see a break of 2018 lows. So, an idea is that instead of a triangle, we are tracking now an ending diagonal within wave 5 towards new lows. Only when it reaches a new low, only then we can expect a bullish reversal!
#XU100
$BIST found resistance and now turning bearish?! At the same time $USDTRY and $EURTRY made a three-wave drop and still trading above invalidation levels. Waiting for confirmations here! A sharp bounce can be a signal of a reversal.
#BIST100
#XU100
#USDTRY
#EURTRY
#elliottwave
$USDTRY is still under bearish pressure towards projected 5.0 area as expected, so we remain bearish as long as it's trading below 6.0 invalidation level! Keep an eye on a five-wave decline within wave (C).
#USDTRY
#bearish
#elliottwave
>> <<
Here we go! As expected, $USDTRY breaking higher and there can be room for more upside, while $BIST falling into new lows! $USDTRY now pointing towards 6.0 area for wave 3, but if drops below 5.32, then bulls are dead!
#USDTRY
#bullish
#elliottwave
>> <<
❗️❗️📢Finally, after a lot of requests the $USDTRY is included in our list of instrument for members.
If you are interested to see analysis and further updates join us today. Plus we opened a 50% discount for a monthly package!!
👉👉
#TRY
#TurkishLira
$USDTRY made a perfect three-wave correction and our members were warned about a pullback after an impulsive five-wave rally from 5.30. So, more upside in view after a completed correction around 5.41-5.38 support area!
#USDTRY
#bullish
#elliottwave
> <
$Turkey what's up? After a five-wave cycle from March lows on $BIST, we can now see expanded flat correction in progress that can retest the 975 support area around ideal 61,8% Fibo. retracement before the uptrend resumes. Till then USDTRY may stay in the uptrend.
#XU100
#USDTRY
$Turkey $Update; $BIST made even an extended subwave "5" of "v" up to 116000 level, but now you should be very very careful, because the bubble can burst at any time. Is this the end of the game?
#BIST100
#XU100
#elliottwave
> <
Hey $Turkey! $BIST made an extended 5th wave for wave (c), which is now equal to leg (a). And now, at the end of 2019 it's trading right around important 78,6% Fibo. and 114000 area, so watch out for a bearish turn in 2020. Happy holidays and all the best in 2020!
#BIST100
#XU100
$LTC hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware of further rise at least up to 90 area for wave C, if not even above 100 for wave 3.
#Crypto
#Litecoin
#LTCUSD
#Elliottwave
$USDTRY is turning nicely bullish as we warned about long time ago. Seems like it's unfolding five waves up, which means that it's confirming bullish view, just be aware of a deeper three-wave a-b-c correction once a five-wave rally fully unfolds!
#USDTRY
#bullish
#elliottwave
$USDTRY is moving as planned! It has all the characteristics of an ending diagonal, so seems like we may see the final three-wave drop towards 5.0 area! Any earlier rally back above 5.44 would be an indication of a bullish reversal!
#USDTRY
#endingdiagonal
#elliottwave
Patience paid off! $BIST and $USDTRY finally on the move as expected!
#BIST100
#USDTRY
#elliottwave
Don't miss our new year, one-time offer! 12 month membership for 30% OFF!
>> <<
$Turkey are you watching?! While $BIST is trading at strong resistance area, $USDTRY can be already on the way up out of a triangle, so imagine how hard can go up once $BIST stars falling.
#USDTRY
#BIST100
#XU100
#correlation
#elliottwave
>> <<
Hey $Turkey, long time no see. $USDTRY is still slow and seems like it's waiting for $BIST to complete that corrective rally, ideally here around the projected 108000 – 111000 area. And, once it starts falling, this is when $USDTRY may go up HARD.
#USDTRY
#XU100
#elliottwave
$USDTRY is trying to break strong trendline connected from all-time highs after a completed three-wave A-B-C corrective decline, so watch out for rally back to highs, just please have in mind that bulls can be confirmed only above 7.95 level.
#USDTRY
#correction
#elliottwave
This is what we needed for wave 2! Spike down on
#USDTRY
can be as part of wave "c"/2, so don't fall in love with bears! If
#USDTRY
turns back above 5.42, then it can be very bullish! If drops below 5.1315, then bulls are dead!
#USDTRY
#elliottwave
>> <<
$USDTRY is falling because of sharp rise on $BIST! But, what if $BIST approaching important resistance here?! $USDTRY can be trading at key support level here as well, so it's valid as long as it's above 5.30 invalidation area!
#USDTRY
#BIST100
#XU100
#elliottwave
Well, $USDTRY and $EURTRY made some significant bounce and a break above resistance line! If they continue higher above bullish confirmation levels, then correction from all-time highs can be completed!
#USDTRY
#EURTRY
#elliottwave
>> <<
$BIST still has room for wave (c) of "d" down, which means that $USDTRY still pointing higher for wave "v" of 1! A rise back above 5.35 level may push the price towards 5.50-5.55 from where we can expect a deeper pullback in wave 2, when $BIST will recover for wave "e"!
#BIST100
$USDTRY hit 5.30 level for wave 3 as expected and now it may face a bigger corrective recovery into wave 4, back to around 5.70 resistance area before a continuation lower for wave 5 towards 5.0 area.
#USDTRY
#TurkishLira
#elliottwave
>> <<
Now that $BTC reached new lows, we can see now five waves down from the all-time highs. It means that correction will take even more time, as this is just first leg A. So, an upcoming recovery could be just as part of a corrective rally within wave B.
$USDTRY is very slow in the last couple of days, which suggests the final wave 5 within an ending diagonal towards 5.0 area. But, any earlier sharp and impulsive bounce back above strong black trendline would be an indication of a completed correction from highs!
#USDTRY
$USDTRY is a mess, but we still think it can go back to highs towards 6 area, while $BIST is on the way back to lows. On USDTRY Futures chart we can clearly see how important is 78,6% Fibo. retracement and open GAP which usually acts as a support once it gets filled.
#elliottwave
Intraday update for $USDTRY and $EURTRY. We have seen a nice reversal with five waves and current decline looks corrective in three waves, so watch out for a bounce back to highs, especially if stocks face a sell-off! All eyes on FOMC meeting today!
#USDTRY
#EURTRY
#elliottwave
#BTCUSD
came below 50k as expected, so after recent strong and sharp bounce, seems like a five-wave cycle into wave A is completed and we can now expect a three-wave corrective recovery in wave B before we may see another decline. Resistance can be anywhere between 56k-61k zone.
Cryptocurrencies not looking good. Some of them has already lost a lot and there can be room for more weakness, as $BTCUSD may have a completed intraday bearish triangle within wave 4. Is it pointing below 50k to complete a five-wave cycle?
#Cryptos
#Bitcoin
#BTCUSD
#elliottwave
$USDTRY has intraday bullish structure, while $BIST can be turning bearish with a potential H&S pattern! If we are right, then BIST may go much lower and $USDTRY may start recovering. Carefully here!
#BIST100
#USDTRY
#intraday
#elliottwave
$USDTRY is moving nicely towards 6 area as expected! Keep an eye on projected resistance between 6.10 – 6.30 levels, where bulls may slow down since we noticed a complex W-X-Y rise within wave B of a big bullish triangle pattern!
#USDTRY
#bullish
#triangle
#elliottwave
Impulsive five waves down from highs on USDTRY suggest more weakness after a corrective recovery back to around 61,8% Fibonacci retracement and 6.55 resistance level.
#usdtry
#elliottwave
>> <<
We have no problem admitting we were wrong on $BIST. $Stock market across the globe has been pushed strongly to the upside into new highs, which seems to be a blow-off top now. $USDTRY still looks like a bullish triangle, so $BIST can be still upside limited. $Turkey, carefully.
#BTCUSD
came in the projected resistance zone within an A-B-C corrective recovery, where wave C looks to be an ending diagonal pattern, so watch out here around 61,8% - 78,6% Fibo. and 60k resistance area.
#Cryptos
#Bitcoin
#BTCUSD
#elliottwave
This is what we were talking about for the last few weeks. Not bearish! $USDTRY is perfectly recovering away from projected support and $BIST still didn't even start to fall. $USDTRY can be unfolding five waves up into wave A/1 which would confirm a bullish reversal.
#elliottwave
$USDTRY just hit 5.40 support for a blue wave "b", so if we get a bounce here back above 5.50 region, then we can expect a strong rally towards 5.70 resistance area for wave "c", where correction of wave 4 may come to an end!
#USDTRY
#TurkishLira
#correction
#elliottwave
$BIST in the projected resistance zone and 5.25 support on $USDTRY still doing well, so we may still see reversals! Carefully here!
#BIST100
#XU100
#USDTRY
#elliottwave
$BIST right here, right now turning from resistance!? Watch out for sharp and impulsive decline which may cause a bullish turn on $USDTRY away from 5.25 support !!
#BIST100
#XU100
#elliottwave
Crude oil is now in final stages of subwave 5 of (5) with strong support zone in the 74- 72 area. We can already see a huge volume increase, so be aware of bounce and recovery at the end of the week.
#Crude
#Oil
#CrudeOil
#technical
#analysis
#Elliottwave
Nice recovery on $USDTRY away from strong 5.30 support as expected! Wave 4 of a higher degree is still in play! 5.65-5.75 resistance still can be seen, but if price stays below 5.5415 highs, then keep an eye on a triangle pattern!
#USDTRY
#elliottwave
> <
$USDTRY made a bigger intraday recovery, but still looks corrective in wave "iv" within ending diagonal here, so 5.0 area is still in view! Only sharp and impulsive rally back above 5.54 level would be a signal of a bullish reversal!
#USDTRY
#endingdiagonal
#elliottwave
$NASDAQ is the strongest, but it can be approaching important 161,8% Fibo. target area for wave 5). If we consider that it can be finishing a five-wave cycle with 1=5, then potential target may not be far away. Caution and patience.
#Stocks
#Technology
#elliottwave
#Fibonacci
The book says: When chart is not clear, switch to a line chart. We can clearly see a five-wave cycle now, so is $USD ready for a deeper corrective decline?! All eyes on Fridays $NFP !!
#USD
#NFP
#elliottwave
$USDTRY Futures chart: If you are familiar with GAPs on futures charts, then you know that when they are filled, they usually act as a support. This can be just another reason for a bullish turn soon.
#USDTRY
$GAP
Bitcoin is finishing a larger A-B-C flat correction within wave 4 right ahead of $BTC
#Halving
. We see nice textbook pattern with 60k-59k support area, from where we should be aware of bounce and bullish continuation for wave 5.
#cryptocurrencies
#cryptos
#Bitcoin
#elliottwave
$USDTRY is still looking higher within wave v) of »iii«. It has just slowed down in wave iv) within a triangle pattern. At the same time, $BIST can be already turning bearish and it may drop hard, especially if starts accelerating below 103000 level!
#USDTRY
#BIST100
#elliottwave
Good morning everyone.
Our intraday analysis is already ready for members.
Not a member, check for free OPEN DOOR access.
$USDTRY looking for lower prices after bounce?
If you are looking for $BTCUSD support, then it's worth to keep an eye on $NASDAQ ! Once it fully completes a corrective pattern, then we can expect a bullish reversal in the $STOCK and $CRYPTO market, probably at the beginning of 2019!
#Stocks
#Cryptos
#elliottwave
$USDTRY has intraday bullish structure, while $BIST can be turning bearish with a potential H&S pattern! If we are right, then BIST may go much lower and $USDTRY may start recovering. Carefully here!
#BIST100
#USDTRY
#intraday
#elliottwave
$USDTRY is coming nicely higher as expected, but as part of a corrective rise within wave "c" of B that can find the resistance in the 8.10 - 8.40 zone, so watch out for limited intraday rally.
#USDTRY
#correction
#elliottwave
Fresh $USDTRY update! As you can see, we have broken channel support line and also broken 5.66 bearish confirmation level, which suggest more downside towards new lows! So, we remain bearish as long as it's trading beneath 5.87 invalidation area!
#USDTRY
#bearish
#elliottwave
$BIST is nicely approaching resistance area with five waves, so be aware of a decline soon, ideally around 103000 level. And this is when $USDTRY may turn up again.
#BIST100
#XU100
#elliottwave
>> <<
As promised, $USDTRY can be looking for next short-term support around 5.30 area! So, there still room for more weakness within a five-wave decline. If from any reason goes higher and more complex, invalidation level remains at 5.87!
#USDTRY
#bearish
#elliottwave
We owe you a new update. After that retest of 5.30 support area, $USDTRY still can be trading in wave 4 correction that can be either a flat with resistance around 5.70 area or a triangle if price stays below 5.50 area!
#USDTRY
#TurkishLira
#correction
#elliottwave
Interesting retracement on
#bitcoin
despite lower USD after US inflation report. But it appears like a nice pullback here in wave four. Cryptos can still do the "catch-up"
Current intraday $BTC bounce and recovery occurred mainly because of BTC.dominance, while ALTcoins still look bearish, so
#BTCUSD
may not be turning bullish yet. We see it still as part of bearish barrier descending triangle or maybe even flat. Carefully.
#Bitcoin
#elliottwaves
$USDTRY slightly higher above resistance zone, but still looks corrective within channel range here, so be aware of another drop! If turns back below 5.66, then we can expect even more weakness towards 5.0 projected target!
#USDTRY
#bearish
#correction
#elliottwave
$BTC
#Futures
is showing all the evidences for an a-b-c flat correction, as new lows hasn't been reached yet. Not to mention opened Monday's $GAP. So, watch out for a reversal back down here in the 40k-41k resistance zone ahead of $FED.
#Bitcoin
#BTC
#elliottwave
$USDTRY is moving exactly as expected! It's trading in wave "iv" of a higher degree now, so watch out for another leg up into a wave "v", from where we may see some deeper correction!
#USDTRY
#bullish
#elliottwave
>> <<
Nice intraday $BTC follow-up in the last week of May and our members have been warned about sideways movement. Is it finishing a bearish triangle pattern now? Watch out for a continuation lower at the start of June.
#Cryptocurrencies
#BTCUSD
#bearish
#triangle
#elliottwaves
Have you seen that jump from projected support on $USDTRY?! Well, after that spike up to 6.0 level, be aware of a slow three-wave A-B-C correction back to 5.60 - 5.50 support area, where bulls may show up again!
#USDTRY
#bullish
#correction
#triangle
#elliottwave
#BTCUSD
made a new intraday high, but now when it's at the October 2019 swing high, potential resistance and still with a five-wave cycle, we would be very careful at this stage. Nothing goes in straight lines, so patience is very important.
#Crypto
#Bitcoin
#Elliottwave
Nice intraday $BTC follow-up in the last week of May and our members have been warned about sideways movement. Is it finishing a bearish triangle pattern now? Watch out for a continuation lower at the start of June.
#Cryptocurrencies
#BTCUSD
#bearish
#triangle
#elliottwaves
$BTC is down again, but during the weekend, which will open a massive GAP on $CME chart on Monday. So, ideal $BTCUSD scenario would be a leading diagonal from the lows followed by a current three-wave (a)-(b)-(c) setback that can retest 6850 support level.
#BITCOIN
#elliottwave