XU100 trade ideas
Target 1460 - RSI Divergence and Fibo + trend resistancewatch it with tight stop (1380s) but it'll probably go up from here (if it wont stay under 1387) and first target is 1460
(this analysis will self destruct when central bank of Turkey wage war on the market :) )
Lower low, bearish market structureXU100 Market Structure has been bearish with a lower low. Looking for a higher high for short pozition
BORSA ISTANBUL RESISTANCESBu çalışma dolar bazında borsa istanbul'daki potansiyel direnç seviyelerini takip etmek için paylaşılmıştır.
Temel olarak borsa istanbul'daki taban oluşumunun tamamlanıp, yukarı yönlü trend'in başladığından emin olmak için bu seviyelerin takibi önemli olabilir.
100k area is expected%50 retracement for next 8 months ???
little place for long with global stock indexes.
Then big dump with global eqities !!
only study..
XU100/USDTRY. BIST100 USD parity Wyckoff Accumulation PatternBist100 USD parity chart is in a sideways and range bound period since mid March 2021. Closely watching if this pattern continues after this SPRING movement or just flashes deeper.
Lets see..
XU100 DO or DIEWelcome to my XU100 analysis.
1) Neutral First of all when we draw a regression trend from the Corona crisis (March 2020) to the Triple Top of 1580 level, apparently we are still in a bull run. However, the price level dropped below the regression trend on 21st of April but it went back into the regression trend. Currently the support of the trend is at 1432 level, and today's close price is clearly below that level. This is an extremely bad sign. However, The price could jump back into the channel just like it happened before. So according to this analysis, the price should immediately get inside to the channel.
2) Bullish From the bullish perspective, Orange trendline is clearly the support of the current bull run. Above the orange line, we still expect further growth of the price. Support level of the Orange Trend line is 1386. Bulls should defend 1386 with all their power, otherwise the scenario turns about to be bearish.
3) Bearish From the bearish perspective, regression trend is now broken, and if orange line doesn't hold, or bulls couldn't defend, then initial price target is around 1284 where I draw with green line. Green line worked 2 times as resistance and 1 time as a support.
If bulls can defend the 1432-1386 zone, then we may see another jump to the red resistance line, which is around 1480. If able to break above, then investors should directly aim for 1900.
Overall, between 1432 and 1386, it is a "now or never" time for XU100. Below this level, it is extremely bearish, above it it is a sign of the continuation of the bull run.
This is not a financial advice.
Note to My Self:XU100 (BİST100)My expectation is firstly increake (rise up), after that little bit decrease (fall) and lastly bigger decrease.
Unless the government's approach to crypto exchanges and technology changes, the collapse of the stock market Istanbul will be faster. Blockchain technology is inevitable, it must be admitted.
Note: I hope they will take the right steps for recovery after the fall.
Not financeal advice.
BIST 100 resumes its decline - (B) might be completedIt seems like the (B) wave in the recent correction is completed at 1445.13 on April 6th, and it resumes its move to downwards to complete (C) wave. Based on A=C rule, the (C) wave might be expected to end at 1111.98 level, which also coincides with the starting level of the previous rally, which means a double bottom. From 1111.98, it might be expected to have at least 3 wave reaction to ongoing decline.
Breaking down 200 MA will be 1st confirmation and breaking down 1256.32 (A) will be 2nd confirmation.
