XU100 trade ideas
"BIST100: Triangle Signals 20-25% Drop"BIST100 (XU100)
In the monthly Cash Data, we see that a Reverse Neutral Triangle has formed and the post-pattern movement (the downward movement after wave-(e)) has also confirmed it and it seems that BIST100 is preparing for at least a 20-25% correction.
If the beginning of wave-(b) is broken, i.e. the number 7189, the correction of this index can continue to 5705.
Technical Analysis of BIST100 Index: Examining Trends and PriceIn this technical analysis, we have examined the Istanbul Stock Exchange Index (BIST100) with a special focus on trend lines and price channels. By precisely drawing trend lines, price channels, and linear patterns, key support and resistance levels have been identified. This analysis, using a simple approach without complex tools, provides investors with a clear perspective on the potential future movement of the BIST100 index in the near future.
order not filledWith the recent bearish trend, seems like sellside liquidity is taken and now moving to take unfilled orders which magnets the price to its level.
An additional sell position may be added between 9000-9020, that may cause to move your stop-loss about 25% higher.
TP1: 8860
TP2: 8760
Not an financal advise, experimental and educational content.
Do not open any trades with these ideas.
XU100 rolls back from EMA200 BIST:XU100 : Eliott completes the 5th wave during the downtrend, finalizes downtrend period. We had said that the trend would change within of September, and it did 😎. If it also breaks through the green EMA50, we can say, "The 90-day uptrend has completed 5 days." The fact that it bounced back from the EMA200 should also not be overlooked.
XU100I expect a reaction from the 9600 level at the decision point of the Borsa Istanbul index, otherwise a drop to 9150 levels may be possible according to the news flow. The decision point is 9600. A position should be taken according to this point. If it is passed up, long, if it is passed down, close to 9150, long again. 10985 will be the target in the future.
#XU100 düşüş başlıyor mu?#XU100 1D grafik;
Bist100 grafiğinde ilk göze çarpan RSI tarafındaki uyumsuzluk
Yılbaşından beri 7 aylık bir yükseliş trend çizgisi üzerinde nizami hareketine devam ediyor ve yeniden destek bölgesinde
Bu desteğin bir kez daha çalışacağını düşünüyorum ancak bu kez zayıflatacaktır
Akabinde tekrar bu desteğe geri dönüp burayı kırdıktan sonra retest ile birlikte aşağı yönlü bir harekete başlaması sürpriz olmaz
Bu seviyeden yaklaşık %22 aşağısına kadar düşmesi ihtimaline karşılık harmonik bir yapı da mevcut. O seviyelere kadar düşer mi orasını göreceğiz.
#bist #bist100 #bist30