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Trading Coach

GLOBAL CRASH ALERT - USD/TRY Daily Chart

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GS says it's "over" for Turkey at USD/TRY 7.2 - We have renewed momentum upside which means renewed momentum DOWNSIDE for the Turkish Lira... From here we have an A-B-C UP target of 8... The fallout from such a move would disrupt European Banks, The Euro, and set up a possible domino fall globally... Stay Tuned!!  This is just an ALERT, we will issue an update and Warning when appropriate...

 

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GLOBAL CRASH WARNING... USD/TRY PUSHED HIGHER TO 6.83 - We are now in the DANGER ZONE...

 

usdtry083018d morning.JPG

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Here's an update on the USD/TRY pair... HOURLY CHART... Intervention by Central Bank.

 

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From Bloomberg Asia Tonight...

Fears of Contagion Hit Emerging Markets

Emerging markets sold off anew Tuesday as South Africa entered a recession and Indonesia’s rupiah joined currencies from Turkey to Argentina in tumbling toward record lows. MSCI Inc.’s index of currencies dropped for the fifth time in six days, closing at the lowest in more than a year. The South African rand led global declines. Turkey’s lira slid on worries the central bank will disappoint investors at its rate meeting next week, while the Argentine peso slumped to a record low and the rupiah sank to its lowest level in two decades even after the central bank intensified its fight to protect it. Asian stocks were set for declines on Wednesday morning after the dollar strengthened and U.S. equities slipped.

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GLOBAL CAPITULATION IS UNDER WAY...

NASDAQ DOWN 120 Points in an HOUR....

 

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Here this is as easy as it gets... the trend line is the LOWER UPTREND LINE from the original (going back to Nov 2016) TRUMP RALLY CHANNEL... as you can see it's been a struggle... but once that trend line breaks to the downside as it did on today's gap down... as long as it continues down... it wants to test the LAST DAY OF EXTREME VOLUME LOW at 7679.12...  Nasdaq is trading at 8006 now, it's going to need to close OVER 8090 to regain the trend line... couldn't be easier...

 

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Keep in mind this is a 5 Minute Chart....

 

 

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23 hours ago, Trading Coach said:

Here this is as easy as it gets... the trend line is the LOWER UPTREND LINE from the original (going back to Nov 2016) TRUMP RALLY CHANNEL... as you can see it's been a struggle... but once that trend line breaks to the downside as it did on today's gap down... as long as it continues down... it wants to test the LAST DAY OF EXTREME VOLUME LOW at 7679.12...  Nasdaq is trading at 8006 now, it's going to need to close OVER 8090 to regain the trend line... couldn't be easier...

 

nas090518di.JPG

We still have a ways to go to the target... We did warn everyone on 8/29 that this was coming...

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So today is 10/10...

For our subscribers we issued this forecast on 09/10/18... a full month ago:

 

Quote

Now from here, we're looking for a zig-zag pattern down, and it could continue all the way until 10/10 timeframe... we are still subject to sharp rallies, especially when volume is light, but for now, we're looking for a general decline in the market... with a possible strong bounce around 9/18...

 

Anyone who TRADES the market, should be getting our forecasts...

 

 

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