Bist100 - Xu100 is in a danger zone. Divergence and Elliot WavesBist100 - Xu100 is in a danger zone. Divergence and Elliot Waves Analysis
XU100
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
XU100 channels to followFollowing 2 major channels and waiting for upper highes as inflation will support pricing.
Opportunities in BIST100 until 7 July (4 day Holy Sacrifice)Go LONG on Turkish XU100 UNTIL 2560's until 7 July 2022. (Sell time: 6-7th July)
'Holy Sacrifice' Holidays day starts on 8th July and lasts thru next week.
Portfolio resets will occur on 3rd week of July.
GEDZA / Üçgen Formasyon Haftalık kapanış mumu çok güzel. Yeni bir trend başlangıcı olabilir. Haftalık EMA 13 ile trend sürülebilir ya da formasyon hedeflerinden kar alınabilir. Trader'ın tercihine bağlı..
Critical Support Zones For XU100I have depicted the critical support zones for the main XU100 index. Personally, I have no comment neither idea which one to hold.
Yet, one should consider the current inflation in Turkey and the trend that is just broken was really really strong with the largest help coming from the banks.
My daily fantasies; they fail most of the timeMy daily fantasies; they fail most of the time. note: "Patterns are not confirmed before its formed" actually even "after they are formed"
XU100 - BIST100 SELLIf you think my analyzes are successful and meaningful, please contribute by commenting and liking.
Most world markets gone nowhere since 2008in this chart we look only at EM charts, and notice India and Indonesia are the exceptions as most markets still below 2008 in dollar basis... this is true not only for EM but for the utmost majority of markets in the world.
few other exceptions i found are germany, switzerland, korea, japan, denmark & netherlands...
XU100 is still in a correctionThe first 5 waves of a zigzag formation are completed. Next, If it proceeds toward the B in a 3 way (ABC) formation then we will be sure about the being of wave C. However, time will tell if it is a single, double or triple zigzag in the overall correction. First we have to wait for confirmation of wave B. Trade safe!
Target 16.23Following daily chart.
It's a great area to buy again.
TP 16.23
SL 9.5 area
I am suggesting in spot since there are lots of volatility
Target 1655Following weekly candles.
I think we're in the end. Time to start short
TP 1655, there is a nice gap to fill there.
Final destination 17.20Following 4h chart
I think 17.20 will be final destination - at least for a while
Target 23.43As weekly chart, it broke resistance strongly.
There is a clear cup & handle formation and handle formation target is 23.43 - which is also old high. It'll be fast.
#CIMSACup handle formation can become a true mid-long term target apprx. 50 TRY
NOT AN INVESTMENT ADVICE
XU100Fibo show us that XU100 is up to 1816 barrier. As USDTRY are in record high, XU100 shares are so cheap anyway.
#PKARTLast year, #pkart started to rally in November and increased by 61% for exactly 3 months, then entered a correction period for 4 months and decreased by 21.41%. After the correction period, it again increased by 61% for 4 months and decreased by 21.41% in October. In the light of what has been mentioned above, price will reach the new peaks such as long term trend upper band which approximately 38-40 TL.
NOT AN INVESTMENT ADVICE.
Target 7.638Following weekly chart.
RSi bounced from 60', this is clear short signal for me till 7.93 & and 7.638
Following 7.85 for SL
Endeks TaramaAnaliz edilecek hisseleri Haftalık Ema 30 + Rsi + Hacim ve mum yapısı gözeterek nasıl seçiyorum.
