Thoughts on $TRY consolidation around 18.60-18.70

Been watching $TRY pretty closely today, hovering around the 18.6264 mark for most of the session, with a tight range between 18.5989 and 18.7. It feels like the market is digesting some of the recent moves, almost building a base here. On a shorter timeframe, I'm seeing what looks like a potential pennant forming, but it's still early days. The tight price action could be indicative of either an impending break one way or another, or just a temporary pause before the previous trend reasserts itself.

The key level for me to watch is a clear break above 18.75. If we get a sustained push through that, the next resistance could be a fair bit higher. Conversely, a drop below 18.50 would invalidate the current consolidation pattern I'm sketching out and could suggest further downside. Just my initial read, and of course, EM currencies are always tricky, so this could all change with a whiff of news.