Bullish Pennant Over Weekly 50ma
Bullish pennant will be broken until 31 December. Market will decide the way. Lira had spent enough time to heal the manipulation of August 2018. Now the time is up
Weekly MA(50) is a strong support to broke. Lira never broke 50 MA powerfully to stay below it for long time
Buyers seem more powerful. Please check HL1 and HL2 . They can't wait to buy for a lower price
TP1 : Fib 0,618 (6,01 TL)
Pennant pattern have many "buy" orders over 5,90 . when it will brake, it will reach to 6,01 instantly. Some will take profit at 6,00. So the price may test 5,92 . but i dont think price will see 5,xx again forever
TP2 : Fib 0,786 (6,24 TL )
Buyers of 5,92 and 6,01 will sell off and take their profits at 6,20. so it will take few weeks between 6,00 and 6,20
TP3 : Fib 1,00 (6,54 TL)
After some bullish trend lines shaped in chart, bulls will buy at every retracement to test 6,50
Weekly MA(50) is a strong support to broke. Lira never broke 50 MA powerfully to stay below it for long time
Buyers seem more powerful. Please check HL1 and HL2 . They can't wait to buy for a lower price
TP1 : Fib 0,618 (6,01 TL)
Pennant pattern have many "buy" orders over 5,90 . when it will brake, it will reach to 6,01 instantly. Some will take profit at 6,00. So the price may test 5,92 . but i dont think price will see 5,xx again forever
TP2 : Fib 0,786 (6,24 TL )
Buyers of 5,92 and 6,01 will sell off and take their profits at 6,20. so it will take few weeks between 6,00 and 6,20
TP3 : Fib 1,00 (6,54 TL)
After some bullish trend lines shaped in chart, bulls will buy at every retracement to test 6,50