XU100 - Short Term Bear Channel FormedAttention
200MA in the hourly chart, which is around 5396, is now a resistance (previously it was a support!)
Red Channel
Now focus on the red channel: On Jan 5 and Jan 6, its highs and lows are formed respectively. And today, on Jan 9, we saw that the top of the channel is verified at the start of the day. Looks like we will be in this bear channel for a couple of days, until the appetite is back. (remember, it's an intensely inflationary country and the stock market's direction is up unless something drastic happens xD).
The best scenario: The index hits the previous high at 5093 and bounces. The obvious price action move. However I don't expect this to go off, since the retail investors are really panicky and they will act in a bipolar manner.
Good scenario: The index hits 4992 (where the daily 50MA will be) and bounces from there.
Bad Scenario: The index hits 4772 (where the 4hour 200MA will be) and bounces from there. It will also be very close to the support at 4770 which we found from the price action. This looks to me like the most probable scenario.
Basically, I expect the daily RSI to go as low as 30-35s and get up from there.
Bist100
BIST XU100 Demand ZoneIt was a significant drop in price today, however, there is a demand zone that may provide some support. While it is uncertain if this level will hold, it is possible that we may see a small rally at this point. It is important to closely monitor the price action and volume at this demand zone to gauge the strength of the support.
BIST 100 DOLAR TL BAZLI-Eğer dolar/tl kuru fiyat çizgilerinde parantez içindeki gibi fiyatlanırsa borsa istanbul 100 endeksi beklentilerimi sırasıyla belirttim.
-Beklenen tarih martın ayının ikinci ve üçüncü haftasına denk gelmektedir. Fiyat ise 10200-10700 TL arasına tekabul ediyor. Seçim öncesi son ralli... Değerlendirilebilir :)
XU100 (BIST100 BORSA ISTANBUL) BIG CORRECTION COMINGOn the weekly chart, according to my analysis XU100 has completed Elliot 5 way impulse move to the upside.
Now on the weekly period we will see a huge correction. There is also a very obvious weekly bearish divergence in the RSI.
A three move(ABC) correction will happen. It will last for months.
Short term long trades might be possible but buying for the next several months will be very risky.
BIST:XU100 BIST:XU100.USD
BIST100 ALIM SATIM BÖLGELERII tried to explain my target points using Elliott Wave theory. However, this idea should not be taken as an investment suggestion, if so the respasibility would be yours.
Grafikte acikladigim gibi elliott teorisine gore beklentilerimi paylasiyorum. Fakat, bu kendi dusuncelerim olup kesinlikle yatirim tavsiyesi olarak algilanmamali aksi takdirde herhangi bir kar veya zarar durumunda mesuliyet kabul edilemez.
the young small cap company with great chart preparing solar enethis company is small so its price can go anywhere fast .
its price has broken its triangle strong base under very meaningful volume.
now its in its 1st pullback with reasonable volume behavior/I am in this stock an I will add some more stocks.