fatihf

fatihf

Bollinger bands implies relatively high prices, thus we can say buyers will be more reluctant from these levels RSI negative divergence

fatihf

It's too early to analyse USDTRY but, there is a saying in Turkey such as "Dollar always see its top". Some may consider this levels (12 - 13) see as buying opportunity (even though government issued free dollar option).

fatihf

RSI positive Fibonacci levels supported Work until FED news

fatihf

RSI Negative Div. (short term) 4708 resistance probably works

fatihf

Very risky trade (It may consolidate between 12 - 12.5) but expectations for TL are crazy, so cup & handle (and fibonacci) suggests 14.5's

fatihf Updated 

watch it with tight stop (1380s) but it'll probably go up from here (if it wont stay under 1387) and first target is 1460 (this analysis will self destruct when central bank of Turkey wage war on the market :) )

fatihf Updated 

in terms of technical: divergence trade heere may be risky but reversal is obvious fundamentals: news about future interest rate decrease in last quarter can effect

fatihf

Every historical fundamentals tells the same story: we are on the edge of the cliff for SP:SPX ... But timing is very important when it comes to challenge the FED According to that Fibonacci reversal levels are presented above also about the timing (look at the sep and jan): seekingalpha.com

fatihf

what is bottom for TL?

fatihf

RSI Bearish Divergence

fatihf

if fibo .61 couldnt hold

fatihf

idea based on fibonacci retracement lines

fatihf

very risky short idea based on bearish moving averages

fatihf Updated 

based on related ideas

fatihf

RSI bearish divergence

fatihf Updated 

Idea based on strong resistance level and triple top pattern

fatihf

Idea based on fibonacci levels

fatihf

idea based on ascending support level buy zone @ 7.5 -CBRT meeting next week, expect volatility