BIST:XU100 : Eliott completes the 5th wave during the downtrend, finalizes downtrend period. We had said that the trend would change within of September, and it did 😎. If it also breaks through the green EMA50, we can say, "The 90-day uptrend has completed 5 days." The fact that it bounced back from the EMA200 should also not be overlooked.
BIST:XU100 is in downtrend, until 26 April 2024 @ 261 USD, and it mostly likely to stay calm and extend until 3rd of May when S&P will announce the credit grade for Turkiye.
And same date: 22 March 2024 would be the start of the downtrend for BIST:XU100 !
Turkiye's struggle to stabilize never seems to end. A tale of chaotic, non-orderly zigzag, ebbs and flows of poor budget management, high diplomacy lacking principles, eager to host refugees and give humanitarian aid, yet at huge costs of social imbalances within. Development, but in what form ? Democracy, but always shot from behind and degraded. Idiosyncracies...
Be tight to see 15 December BIST:XU100 2023 price action.
You and OANDA:XAUUSD are totally different. You are from earth. She is from heavens. She bounces from one side of the "1 star-map-acres" in 2.5 months. She flows like a billiard ball between magenta lines defining 1 star-map-acres ! Thus it now easy to say that she will rise until 1915 until end of the January and start to back up again, no she will not reach...
BIST:XU100 wants to float up she needs good news only on the alternate candidate for presidency of Turkey for 14 May 2023 elections. 22 Feburary seems the critical date for decision of the trend. Strong candidate will support a trend up.
Short period for OANDA:XAUUSD is over. She will most likely prefer a swing up with yet another 66 degree slope. Another game of symmetry, arranged by a beautiful mind from other world. Notice W formations 19 March 2021 and 11 August 2022 signalling the dawn of an at least 2 months of LONG period.
Perfect symmetry for XAUUSD prevails. Strong sell condition will occur after war.
OANDA:XAUUSD the only survivor of Eons, Goddess of Finance, likes mathematics and symmetry. She is trend agnostic as she IS the trend. She does not fail. Mortals who does not understand her, do.
Go LONG on Turkish XU100 UNTIL 2560's until 7 July 2022. (Sell time: 6-7th July) 'Holy Sacrifice' Holidays day starts on 8th July and lasts thru next week. Portfolio resets will occur on 3rd week of July.
If 't be true i w're the Gold, i wouldst bethink m're Euclidian smileth at thy no-more-brain-than-stone technicals, ev'r did fail to f'resee and to thy crashing digitals, unfold'd truest Decree bid bank'rs the Indian, alloweth the Scarlet followeth me if 't be true i w're the Gold, wouldst showeth nay sweaty haste 'r greed, as the only surviv'r of Eons wouldst...
Within her H4 global downtrend hallway (-21 degrees) XAUUSD is set to reach a local maximum around 1860's around first week of May. (90-21=) 69 degree uptrend lines are drawn up to this -21 degree downtrend line to detect local uptrails. T1 is very unlikely, T2 seems to be a perfect continuation, to be unveiled by the said date.