BIST100 (XU100)
In the monthly Cash Data, we see that a Reverse Neutral Triangle has formed and the post-pattern movement (the downward movement after wave-(e)) has also confirmed it and it seems that BIST100 is preparing for at least a 20-25% correction.
If the beginning of wave-(b) is broken, i.e. the number 7189, the correction of this index can continue to 5705.
In the monthly Cash Data, we see that a Reverse Neutral Triangle has formed and the post-pattern movement (the downward movement after wave-(e)) has also confirmed it and it seems that BIST100 is preparing for at least a 20-25% correction.
If the beginning of wave-(b) is broken, i.e. the number 7189, the correction of this index can continue to 5705.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.