Ata-Turkoglu

Ata-Turkoglu

Based on DAILY chart, market is currently busy with a temporary bullish correction.. Soon we should expect strong rejection coming from 1.1650-1.1700 area max. to watch bears continuing down towards Butterfly completion point D.. No rush though! Intraday wise we have to first watch and stay alert for certain resistant areas.. This can take time!

Ata-Turkoglu

Here I am trying to show my regular (the no surprise) scenario: Nothing interesting until 1.1488! There I expect the bottom to form. BUT if we are speaking of my 2nd scenario the main difference would be: Bulls could kick in earlier than expected and price could go directly to 1.1666 before this week ends.. Personally I prefer this scenario but for now no signs...

Ata-Turkoglu

Şu an için en yakın destek seviyesi adayı Fib 23.6 seviyesidir ve bu da yaklaşık olarak 2.89 fiyatına denk geliyor. Ancak hemen altında eklediğim genel destek konumundaki mavi band olası desteğini de hesaba katarsak şimdilik 2.70/2.89 arasını dikkatle izlemek lazım diye düşünüyorum. Paniğe gerek yok! Esen kalın!

Ata-Turkoglu

I am anticipating that a final wave 5 to the upside is still missing and therefore suggest to wait for a potential "wave 4" retracement to play out first before opening a sell order to trade the potential Bearish Gartley D leg.. Be patient and Good luck!

Ata-Turkoglu

Although today's price levels seem to be the edge of the monthly channel, previous fake breakouts shifted the channel bottom to a new level (red line). Speaking for this month the new cliff edge has become 1.065 for EU. If price can't bounce today we can guess it wants to retest the new lower edge of the monthly channel.

Ata-Turkoglu

If price ever gets to 1.1466 area I will chase for a sell opportunity on smaller timeframes based on this beauiful cypher ooportunity. Still needs some time to develop. Keep your radars open...

Ata-Turkoglu

If hourly candle doesn't close below 1.1305 based on the necessary D leg, price might go back up to 1.1356. My humble opinion.

Ata-Turkoglu

Price quickly rises. Soon, once price pierces above 1.12 I will look for a short entry around 1.1225. If price gets there I will short only with a confirmation on a smaller timeframe like the H1 or M30. No rush!

Ata-Turkoglu

I roughly marked the dips and peaks of some of the candles and it is clear enough to see that on higher levels price can move much easier. The purple area was very annoying and with all the green lines inside that area we can understand why. Hopefully once we break through the red zone price will move high much faster.