XU100 trade ideas
Turkey Stock Exchange FutureEconomic Assessment
America decided to impose sanctions.
It was founded two new political parties in Turkey.
The fact that these two new parties are pushing the government and voicing the possibility of early elections will put down the stock market.
But not everything is bad,the bottom turn signals came from economic indicators.
I think we left the worst behind.But the government does not and will not seem to do structural reforms.
Ali Babacan, who founded a new party, is an economist, a person of democratic personality, educated in Europe.
I think, very much like Özal will ramp up the economy and turkey.
Technical Analysis
We are see big bap bottom of the price graphic.
Turkish stock exchange is following yellow trend line.If the time is going, when gap close because price is trying new peak.
If the price fall down, that will make handle-cup formation.
You can try buy between 80k-90k and sell 110k-120k.
But long-time target is 150k-160k.
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.