XU100 trade ideas
Double top formation strongly hinting a bearish BIST 100Apart from the double top formation; my observations supporting a bearish BIST 100 are:
Already broke the 21 and 50 day SMAs.
Broke the upward trend for RSI.
Targets:
1380-1420: 100 day SMA and %78.6 Fibonacci level.
1280-1300: 61.8% Fibonacci level and support from the upward trend starting March 2020. This will also likely be around the 200 day SMA, too.
1190-1210: 50% Fibonacci level and filling the gap from November 2020.
XU100 may corrected by 10 percent // BIST100 geri çekilebilir XU100 has two pick formations and it may fall by 10 percent.
It is not an investment suggestion. Please be carefully with your decision.
BIST100 çift tepe formasyonu yaptı ve desteğe kadar geri çekilebilir.
Yatırım tavsiyesi değildir. Lütfen kararlarınızı kendi değerlendirmelerinize göre dikkatlice alın.