XU100 trade ideas
Xu100, bist100Kisa vade on gorumuz siyah yuvarlak icindeki destekler calismassa bir muhdet beklemede kalmak mantikli .
BIST100 PRICE INDEX WAVES OVER 100MA & USD/TRY FLIPSBIST100 PRICE INDEX WAVES OVER 100MA & USD/TRY FLIPS
According to this idea. Buying BIST100 under 100MA and fliping to USD/TRY over 100MA seems logical ;)
This is not a trading advice.
Tomorrow BIST100 may bounce back from support Downtrend line started in July 30th (orange) is still working neatly. Second time value touched to orange resistance on August 8th, steep downfall has been started. Now 96069 is a very important support. I think that support will stand still against the fall and bounce the value upwards. Tomorrow we can see just a little bit more downmove and than a steep move to 97000’s. Even it may break the resistance and go to 97790 - 98990 channel.
For the timing of buying and playing long, we can watch the RSI to break the downtrend line and watch the moving average line will pass thorough bollinger middle band. That would be the right time to go in. Of course we have to put our stop loss on just below the 96069 support line.
Good luck!
BIST 100 Buy Opportunity for short termWhen we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course.
As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August 29 was broken as of today. Similarly, Moving Average seems to have broken the Bollinger middle band upwards. The RSI side also supports output.
Here, the price can throw itself into a new channel (99243 - 99937) by breaking the resistance of 99243. If 99243 is broken, there may be a buying opportunity.
However, it is also necessary to pay attention to the corrections that may take the value back under the green fall band in a possible correction.
Good luck everybody
BIST 100 index may start to bearish period this weekStarting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd.
When we look at the daily chart price is on support level, RSI is also on support level
On 4hours chart; price is on support, RSI broke the support downwards, moving average is testing the bollinger baseline, parabolic SAR started to point down movement, last but not the least is bollinger bands narrowed down for a steep movement.
Lastly on 1hour chart; moving average has already broken the bollinger baseline downwards, RSI and SAR indicators are also confirming the down move.
Price should be checked to see when the price breaks the support. If the movement will start, first aim would be 101578, if that support will be broken also 100792 will be the next support.
PS: These are just my opinions, you should double/triple check my drawings before making a decision :)
xu100bist grafigini detayli olarak calisiyoruz duzenli olarak telegram grubumzda paylasmistik son grafigimiz.
XU100, Profit Taking Takes Investors to USDThe rhetoric in XU100 is irrespective of valuations in the last week or so.
Turkish investors have been taking profits and allocating towards USD. This is totally a psychological issue, locals see the USDTRL as an actual investment vehicle, rather than a currency pair. This week the USDTRL pair saw lows of 5.50, this insinuated a sell signal for stock (along with some savings accounts).
Currently, locals prefer a long USDTRL position over holding common stock.
Hence there could be a downtrend in XU100 in th short-term due to this phenomenon.
BIST 100 - Good ScenarioI'm not bullish on BIST 100 index, and I was expecting 90K first but it seems the current structure wants something else.
This is my best-case scenario. It breaks current resistance, hits 106K first, then starts its journey around 90K to form a huge inverse H&S. This might be the only viable option for BIST to go for new highs. TRY assets are all fundamentally weak right now, thus nobody should expect mega rallies on TRY currency pairs or stock exchanges.
My scenario is, we see a new rally on USDTRY when TCMB (Turkish central bank) lowers the interest rates due to the political pressure, at the end of this month. Before this, BIST will do its best to go 106K zone as quickly as possible, afterward its journey downwards to form the right shoulder should begin.
The daily chart shows divergences and the price can even stop here at its current level, but the weekly chart is bullish so I think we should see 106K to satisfy the weekly chart.
The current strength is due to the relief of US sanctions, or rather lack of US sanctions. The US only has restricted Turkey to access F35 program so it seems there will be no economic sanctions, which did fuel the rally of BIST nowadays. Still, this effect cannot last for long, especially when you expect a mega dovish TCMB stand this month.
Above you see the current contraction zone, RSI divergence and how EMAs pushing the price level higher while the current main trendline resistance trying to block the prices.
Waiting for the support level for XU100 Plunge on Turkish stock market has not stopped yet. The potential reversal point 81.*** - 80.*** range. Those levels potentially can be considered as a trend support level!
