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BIST 100 Index

BİST100 (XU100) Double Top + Another Trendline Break Forming?

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The BIST100 index recently experienced a trendline break, failing to reach the previous trendline and forming a lower angle trendline. This new trendline is showing signs of weakness, as evidenced by the formation of a double top pattern. Given these indicators, it is likely that the BIST100 will experience another trendline break, potentially leading to a retest of the 5000 level. This analysis should be considered as one of multiple factors in making investment decisions, and further research is recommended.

15M Timeframe:
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4H TF:
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BISTbist100borsaborsaistanbulChart PatternsHarmonic PatternsimkbIndicesistanbulRIPTrend AnalysisXU100

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BISTbist100borsaborsaistanbulChart PatternsHarmonic PatternsimkbIndicesistanbulRIPTrend AnalysisXU100
TradeConfirmed
Telegram: t.me/tradeconfirmed

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.