XU100 trade ideas
XU100 is still in a correctionThe first 5 waves of a zigzag formation are completed. Next, If it proceeds toward the B in a 3 way (ABC) formation then we will be sure about the being of wave C. However, time will tell if it is a single, double or triple zigzag in the overall correction. First we have to wait for confirmation of wave B. Trade safe!
Turkish stock market USD termsTurkish stock market in USD terms. On the point of brake down of the gigantic decending triangle.
Target 1655Following weekly candles.
I think we're in the end. Time to start short
TP 1655, there is a nice gap to fill there.
Correlation between USDTRY and BIST indexAs we can see, there is a correlation between USDTRY and BIST index. The increase in the stock market index has been influenced by the increase in the price of the USD in Turkey.
But be wary of this rapid increase. A similar experience happened in Iran in the last two years. After the rapid rise of the dollar price in 2019, the stock market index grew rapidly and reached about two million one hundred thousand units. During this increase, many people joined the stock market, and a lot of money flowed into the stock market. But a large part of this index increase was a bubble. In mid-2020, the Iranian stock market began to fall sharply and fell to about one million and one hundred thousand units. In the meantime, many people lost their money. And after that, the Iranian stock market plunged into a period of recession that continues to this day.
Target 1830Following monthy chart.
Bist Long term flag target is 1830.
There is still 11 days for this month to completed. We can hit this month or next week.
The main concern is, after hitting target, we can move to gap in 1190.
Let's wait and see.
XU100 İÇİN KENDİME NOTYTD kendime not amaçlı karalamamdır. iki çanaktan birini tamamlamasını bekliyorum. buradan düşüş olursa küçük çanak tamamlanmış kulpa başlamış olacak, kulp düşüşü gelecek. ya da doğrudan turuncu büyük çanağı tamamlamaya yönelerek direkt hızlı yükseliş gelecek diye bireysel beklentim var. yatırım tavsiyesi değildir.
We need, hope and expect a retracement We need, hope and expect a retracement , there s a huge gap down, negative divergence for rsi and macd. . Good luck.. There will be blood. However, note that fomo may beat the technical indicators
Once upon a time there was a huge resistance point Once upon a time there was a huge resistance point that made xu100 fell l'ke a piece of sh...
XU100Fibo show us that XU100 is up to 1816 barrier. As USDTRY are in record high, XU100 shares are so cheap anyway.
No Retreat No Surrender, Not Yet. BEARISH CRABNo Retreat No Surrender, Not Yet. BEARISH CRAB "close to perfection"
Target 1460 - RSI Divergence and Fibo + trend resistancewatch it with tight stop (1380s) but it'll probably go up from here (if it wont stay under 1387) and first target is 1460
(this analysis will self destruct when central bank of Turkey wage war on the market :) )
Lower low, bearish market structureXU100 Market Structure has been bearish with a lower low. Looking for a higher high for short pozition
BORSA ISTANBUL RESISTANCESBu çalışma dolar bazında borsa istanbul'daki potansiyel direnç seviyelerini takip etmek için paylaşılmıştır.
Temel olarak borsa istanbul'daki taban oluşumunun tamamlanıp, yukarı yönlü trend'in başladığından emin olmak için bu seviyelerin takibi önemli olabilir.
100k area is expected%50 retracement for next 8 months ???
little place for long with global stock indexes.
Then big dump with global eqities !!
only study..
XU100/USDTRY. BIST100 USD parity Wyckoff Accumulation PatternBist100 USD parity chart is in a sideways and range bound period since mid March 2021. Closely watching if this pattern continues after this SPRING movement or just flashes deeper.
Lets see..
