It's all on the chart. See monthly chart linked for the big picture EW count.
Evidence: 1. Weekly bounce off of 14 year old upwards trend line 2. Bounce off of three year downward channel boundary 3. Strong bottom formation in daily chart 4. CRB nearing 16 year old bottom levels 5. Gold and oil looking for a bottom somewhere around here. Speculation: Seems to be targeting a wave IV pullback to 8153 / 8323 area
USDTRY bottomed vs DXY in Jan 2015 with the President criticizing the Central Bank. It now seems to have double topped on the first day after the general elections where he lost majority. The whole pattern since 2014 seems like a flat correction. Overall, in the coming months Turkish Lira should outperform peers versus the USD.
I haven't seen this idea anywhere yet so the copyright belongs to me. :) No huge delta up or down. 5b may or may not be complete. 5c to end around 1086
After a 5 wave decline and seemingly complete wave B, wave C is expected for a 300 pips short.
I'd rather sell this than buy this :)
Turkish markets rallying on the possible coalition, which will later be sold with a vengeance when formed.
USDZAR long on triple bottom and complete 4th wave triangle.
The upwards correction seems to be over. One more push high may be possible if the count is not %100 accurate but we are closer to the top than to the bottom imo
MCD looks like it's ready to test 88 again. Can be sold against 104 imo.
Gold about to complete a running 4th wave triangle.
A Decisive break of 1.37 is anticipated which will open the way to 1.33 The structure looks like it's missing another leg down. Otherwise it's off to the moon... :)
Long for (B) b Should be pretty choppy IMHO...