DARK CLOUDS

٦ مايو ٢٠١٧

This is oldest most rooted Turkish bank's shares' 1M dollar based graphic. It is not necessary to draw wolfe formation because all new tops smaller than old tops. The dollar-based price of the stock is expected to increase by 20 percent. To be eligible, the Turkish lira must appreciate 20 percent against the US dollar within a few months, or the value of the share must climb by 20 percent against the dollar, I do not think it will be the first, but even if it is the 2nd, I can not say anything about the Turkish lira based value of the stock, but unfortunately it will not surprise me if there is a big drop from the dollar based large precipice in the long run. But even if the dollar-based chart could rise by 20%, we would expect a harsh downward trend. When we combine 1 to 4 on the 1-month chart of last year, the outlook is negative.
By the way i believe this share will test dollar based new records but a few years later.