Turkish Lira - Devaluation goes on

The devaluation of the Turkish (new) lira continues to the fullest and shows how strong a current wave 3 is within the impulse wave.
The confidence of the own population in the monetary policy decreases more and more and even interest rates on 2-year government bonds of just under 20% and 17% on 10-year government bonds as a foreign investor do not compensate for the losses caused by the devaluation.
I expect a further devaluation by at least 20% in the range 5.90 lira for 1 US-Dollar before a short relaxation could start, not must.
Best regards
Stefan Bode

Invest money! Interest or dividend? Stocks or bonds? What are convertible bonds? Real estate or commodities?

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I think wave (v) of III isn't ready and so another peak is missing before Turkey Z
Centralbank rise up interest rates from 17 3/4% to 18 1/2 % for a short term correction. Thats not the end for rising interest rates so we will see more than 20% in a few months. That's the only Way without war for Erdogan to get trust back. t

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Insanity is what has put the lira on the international stage since the publication of my analysis a month ago. But that's not the end yet. We are in my opinion still in the 3er wave but look at it yourself as I assess the situation.

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Nice,Nice,Nice take your SL from 5,69 into winning Zone at. 5,90. Now we have no risk, but a lot of fun :-)

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With the decline of the Turkish currency, the global economic crisis of 2018-2022 is likely to be set in motion, as I have suspected in my live lectures since 2017 but the "train" Takes up with slow speed. Therefore, I will revise my lecture series again and publish in German on my YT channel and how everyone should position themselves. It will take a few more days but I'll report it.

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Is correction over? TNB Meeting tomorrow on 13.12.2018.

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