Will BIST100 beat inflation?BIST100, which has been trending horizontally and falling for a long time, I think it can rise from here and the final rise phase will come. It is too early to say this before the new ATH comes, but I think the 10.9k region is the decision point. When it stays above it, after a move to the 11.8 region, the price should be watched carefully and be cautious. It will look like second BTC 69k ath. So in these times, I think it would be more logical to proceed with a shorter hit and run.
Xu100analiz
BIST100 (XU100) Critical Levels to watch (BİST100, bist)Price action has recently moved up from the lower bound of the chart, however, given the current apprehensive sentiment among retail investors and the impending elections, it is unlikely that we will reach the upper bound of the chart in the near future.
15m chart:
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