XU100
XU100 / USDTRY End of the AB=CD trade setupHi all,
This is not investment advice
As you can see the chart is end of the AB=CD pattern
From now on we can wait for two scenerios
1) with AB=CD short trade setup
2) go forward alternate ABCD harmonic pattern ( 1,27 or 1.618AB=CD)
When I checked the different charts depends on correlation with this chart , my main expectation is 1
Good luck
WHY TO GO LONG WITH ANACMThere is HSH pattern, price and the volume indicators are strong. Mov3 figures are about the reference level.
U.S Dollar Based THYAO : LongWhen we look at the stock of Turkish Airlines (THYAO) on an US American Dollar based, we see that we are just above the support.
The stock has not been able to participate in the rally on the Turkish stock exchange for several weeks.
Today's U.S Dollar / Turkish Lira rate of sharp decline and the acceleration of the decline in Brent Crude Oil, I think we will make a nice opening and can head towards the target.
The analysis contains a valuable risk / reward ratio and may be less risky in the following parameters:
Risk/Reward Ratio : 1/ 2.5
Position Size : < %20 of Stock Portfolio and %1-%2 for Futures
Stop-Loss : 2.19
Target : 2.54
Regards.
XU100 (BIST) Long Term AnalysisHi All,
This is not investment advice..
very long term analysis for XU100 (BIST)
Each bar is one month..
I am waiting for ending cypher pattern about 113.4x and also starting sharp fall with third wave of elliot.
As you can see rising wedge pattern on montly graph as logaritmic graph.
According to cypher pattern you can find potential reversal zone after reach terminal bar (113426.21)
I dont want to refer about TP1 (0.382) and TP2 (0.618) Cyhper resistances.
Because end of the cypher waiting for sharp fall with third elliot wave and dont care shortime analysis..
Second pattern is on XU100 1M ABCD or Alternate ABCD harmonic pattern whatever you choose..
If the ABCD or Alternate ABCD harmonic pattern works, AB=CD (level) is minimum requirement ----> 76549 ( if the price action does not reach this target , ABCD is invalid therefore alternate ABCD is also invalid)
Minimum requirement & Resistance1 = AB=CD ---> @76549
Resistance2 = 1,272 AB = CD ----> @66518
Resistance3 = 1,618 AB = CD ---> @ 53997
P.S: Also I am waiting for sharp fall in parallel #dji #dow #spx500 #nasdaq #ndx #xu100 in 2020
waiting for rally #xagusd (silver), #xauusd (gold) , #btcusd
Good luck
BIST 100 Price Action Analysis | Trend Reversal OpportunityTurkey Stock Market has reentered to the Trading Range. Even though there might be some consolidation in the Demand OB, current structure indicates this downward momentum won’t stop until reaching the Range Low and gathering the enough liquidity.
Entry: 88500
SL: 83400
TP-1: 98900
TP-2: 103900
TP-3: 108900
R/R: 4
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.