Nonstop devaluation... I hate seeing i hate analyzing i hate publishing the melt of Turkish Lira. I hope one day we will experience the opposite...
There seems to be an Obey for the Trend Channel and negative RSI divergence. However FOMO is still valid and one needs to account for it
Publishing it to remind you of that "cup and handle" is a valid pattern only in a downtrend.
A real nice macd divergence. However be carebul bout the FOMO and use tight stop losses and actually use them
I am not sure but lets check that one out. I hope everything will be ok both for everyone.
Bearish AB=CD needs confirmation, however there seems to be some fundamental problems regarding the Turkish Lira. So better be careful.
Publishing it for fun and training , not a good margin but its more like a tutorial. Rising Wedge -
If turkish central bank doesnt touch it, it seems to burn like hell.. lets check this one out. I am so tired of saying that i am unhappy for myself and my country. I hate this. and this does not stıop.
how come thıs could be even possıble for the bıggest bank of turkey? somebody should explaın thıs to me. ı hope turkey ıs not .... thıs ıs so stupıd.
I have a feeling of short for a short term but gonna wait without trades
Bullish Divergences inside the Bearish Flags. It looks like a total trap for everyone. We need some huge whale to find the target
Bearish Bat- Identical. However, we do not trust the harmonics. Lets keep an eye on it.
Update of TP after fake breakout- lets rock and roll guyz.
XBANK "the banking index" is the vanguard of Turkish Stock Market and there seems to be good news according to some technical analysis rules. Additionally, Inflation rate in the country seems to be at the highest or just below the highest level that the country could ever reach.- which is one of the best finanical indicator for XBANK according to my past...
Well, there are good things as well as bad things. Better keep an eye on the stop loss level.
NEEDS ATTENTION - Better Check for following two candles' close prices
please bear in mind that I am not a professional trader- nor an economist