Analysis
-Last Friday's price closed on the daily candle bearish below the Supertrend level of support as well as the 200 DEMA.
-In terms of clean traffic, looking at the volume profile, we can see that there's plenty of room for price to drop before it finds support.
-Elon is trying to go to Mars.
Looking forward to hearing your opinions.
-Previous daily candle closed below 200 DEMA after being rejected at the Supertrend resistance.
-Current monthly candle high has respected the previous monthly candle high and the price is now breaking its own lows.
-Current daily candle low is equal to the previous daily candle low which is also the monthly candle low. Strong volume at the break.
-Overall strong...
Last week, there was no question that the fed chair Powell's speech was full-on hawkish. As more and more economists/journalists and traders interpreted the event, the prices of many financial instruments like indices, stocks, and Forex pairs saw extraordinary volume and volatility. Holding off on trading until after the speech on Friday morning was a huge part of...
If you're anyhow familiar with exotic markets you know how volatile prices are. A great example was this last week when we had the price of TURKCELL (Ticker: TCELL) move +20% in total. This was mainly due to an unexpected increase in earnings and revenue, 7.60% and 4.56% respectively. In terms of earnings and revenue surprises, last quarter we had a bad one which...
Technical Analysis
-Current monthly candle broke its own lows so we can say that we are coming down to fill the previous candle bottom wick and to retest the lows again.
Calendar until September
-Tuesday August 23 9.45 am Flash Services & Manufacturing PMI (USD).
-Thursday August 25 8.30 am Prelim GDP q/q (USD) and Jackson Hole Symposium begins.
-Friday August...
Technical Analysis
-Current monthly candle extremely bullish with bottom wick.
-Weekly candle closed above a level of resistance with a bottom wick.
-Daily Closure above level of resistance.
-Daily candle has both top and bottom wicks indicating volume and range.
-Clean traffic going up to retest the highs.
Calendar until September
-Monday August 22 8.30 pm ET...
Technical Analysis
-Monthly candle soon to be closing below levels it never closed before unless it retraces in the next 10 days all the way back to where it was at the beginning of the month.
-Weekly closed extremely bearish retracing the whole move from last 4 weeks retesting now an important level of support.
-Daily closed bearish also, retesting this support...
![TCELL: 7.77% in 7 days in Turkey [Exotic Markets] {Turkcell}](https://tradingview.sweetlogin.com/proxy-s3/l/LsIIrQtx_mid.png "7.77% in 7 days in Turkey [Exotic Markets] {Turkcell}")
