XU100 (USDTRY) Ascending WedgeOnce wedge's break out confirmed might cause an intense drop on usd based chart of XU100 (BIST100) such as 10%
XU100 trade ideas
BIST 100 XU100 before new Up trend, try little short again :) v2500/1500 points correction before new up trend to 103.3k & hopefully in the long term 111k.
BIST 100 XU100 before new Up trend, try little short1000 points correction before new up trend to 96k & 99k.
XU100 TECHNICAL ANALYSIS (BIST100) XU100
Hi Guys,
Read very carefully until the end of this post!!!
The stock market analysis is always complicated according to foreign exchange market analysis. Because the values that make up fundamental consist of much more data and estimates. This increases uncertainty. So my stock analysis is based on multiple scenarios in a much longer period and I have to ask myself, "What's going on?" Many times. the strategy needs to be corrected very often. Because companies are directly affected by politics. Requires a macroeconomic data set tracking. I can share where you can get to the free data I follow.
In stock analysis; Monthly, weekly, daily and 4-hour charts must be examined and evaluated individually.
Technical analysis; Creates a forecast of the time of entry and exit after the fundamental is completed.
In fact, the best thing that can be done in such situations is; to develop an options strategy using volatility increase. But unfortunately, this platform is not enough to show it.
respectively; After reviewing macroeconomic, sectoral, company-specific, individual technical analysis can help build predictions about when and where to go in and out. So I emphasize that the stock strategy needs to be constantly updated and that decisions must be made as a result of fundamental and technical analysis followed very closely.
There is a very critical issue. If you do not hedge your positions and strategies, you will be very sensitive to the dramatic movements that can be experienced up and down. You should take a position in options and futures market for this.
Futures and options market is a very deep and wide issue. If you do not know how to hedge your position, how to protect your position, how to trade options and futures, do not trade stocks. They will take your money from your hand !!!
The requirements of the strategy;
- The price must reach the target area (POINT OF X) (in this chart there are two point of X),
- RSI level should be in the oversold territory when the price comes to point of X on support
line and should be overbought territory on resistance line.
- Price Must have come to X POINT with; double bottom corrections, Fibonacci retracements
which I signed in the analysis.
- Price should be over 200 periods of moving average when it hits the great resistance line.
- Price should be over 50 periods of moving average when it hits the great support line.
- Price should be followed very carefully in 6 month period.
- Fundamentals should be followed very carefully.
- Macro, sectoral, company-specific can lead to dramatic changes.
- You have to use the option or future market to hedge your strategy or position.
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
This is just a technical analysis. No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
Be safe...
