GLYHO
GOING BACK TO NORMAL AFTER AUTUMN ATTACK - GLYHO - WEEKLYThank you for your likes and shares! Much Appreciated!
_________________________________________________________________________________
The Global Yatirim Holding Shares Price Evolution Is Very Interesting And Shows How To React To Surprises!
Be careful this green line is probably not very solid support, it can break at anytime.
The black line possibly acts like a gravity center price line.
As you can see we traced vertical lines of the previous super fall and reported that line to the recent super squeeze of buyers.
We have here probably a vision on the elasticity of the market.
Like when you stretch an elastic and it comes back.
Between 28/09 and 3/11, it was probably the moment during the year when big actors where the most active to win the fight against smaller traders.
Many have probably lost money during that period.
That is when it is good to know when to cut losses and wait for better day.
We are probably back to normal market shape and are waiting for a break of the new channel to enter in the market.
Looking for short direction trades opportunity will possibly be clever.
From last post, you can see that we just extended the lines, there no coincidences.
Last time we said:
"""
Beware, possibility of continuous uptrend then a pullback down from the red line.
Other possibility is a market fear which could lead to a brief retreat to the down red support
"""
What happen next is exactly this scenario, we have seen the market going down very strongly with high volumes involved, this to squeeze seller and then run up alone to reach new highs, breaking then one after the other.
At the end of the run on the top squeezing very violently the remaining happy buyers who are now holding on very RED positions.
What is happening next? When those people will liquidate to limit loses the market probably will go back up again and the same story, new big actor comes, see the opportunity and push help them by squeezing up and the market possibly retracing to the black super strong resistance line.
Have this scenario for next traded on GLYHO.
Happy End of Year!
#glyhoBu yılın zirvesi olan fiyat aynı zamanda 2018 Kasım ayından bu zamana kadar gelen trend'e son fiyat olarak dokunduğu yerdir. Büyük düşüşün tamamladığı ve yaklaşık 2 aydır akümülasyonda olduğu görülmekte. Hareketli ortalamalar ve diğer teknik verilere göre haftalıkta Al ve aylıkta Güçlü al sinyalleri verdiği görülmektedir. Alt trend desteğini kırmadığı sürece ilk olarak yatay direnç olan 4.84'ü sonrasında ise 5.05'leri yoklaması yüksek bir ihtimal. Sinyal verileri ve fiyatın kısa bir aralıkta gezindiği göz önüne alındığında fiyatın baskılandığı ve kısa vadede üst dirençleri yoklayacağı ihtimali güçlüdür.
#glyhoBu yılın zirvesi olan fiyat aynı zamanda 2018 Kasım ayından bu zamana kadar gelen trend'e son fiyat olarak dokunduğu yerdir. Büyük düşüşün tamamladığı ve yaklaşık 2 aydır akümülasyonda olduğu görülmekte. Hareketli ortalamalar ve diğer teknik verilere göre haftalıkta Al ve aylıkta Güçlü al sinyalleri verdiği görülmektedir. Alt trend desteğini kırmadığı sürece ilk olarak yatay direnç olan 4.84'ü sonrasında ise 5.05'leri yoklaması yüksek bir ihtimal. Sinyal verileri ve fiyatın kısa bir aralıkta gezindiği göz önüne alındığında fiyatın baskılandığı ve kısa vadede üst dirençleri yoklayacağı ihtimali güçlüdür.
POSSIBILITY OF UP SQUEEZE BEFORE RANGING TREND - GLYHO - 240MNGLYHO is arriving at a very important area, pink square zone.
Probable support and resistance are marked with a green to line and a red bottom line.
For the moment the trend is clearly an uptrend one. However, the market has already tested an upper point which as resulted in a strong downward pullback. The trending blue line has been holding the price up.
Beware:
-Possibility of continuous uptrend then a pullback down from the red line.
-Other possibility is a market fear which could lead to a brief retreat to the down red support.
Other thing:
- We can see that overall the market is recovering from the pandemic effect. The blue horizontal line is marking the most relevant pivot point. This is confirming a potential area where the market is at the moment.