SARKY - 5 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
PETKMagain a squeezed graphic
it seems that last days to give a decision bear or bull?
today was a very volatile day,
first ever circuit cut since 01-Nov-2023 / biggest candle since 06-feb-2024
summary of day:
max:+1.84% min: +6.07% close:-4.51%
Last 20mins ~+%1.5 (bulls are not dead yet)
- but two consecutive red closings below uptrend so we have to be cautious for long positions
(i will give a chance 16 hours to return black uptrend - ( 4 more 4h candles)
i am still bullish over 19.80TL (at least 16 hours)
Book value: 22.254TL
current: Book/sh: 0.92 (@ All time lows) - no negative news publicly disclosed for these ratios. So these days may be a big opportunity for long term PETKM investors to collect shares
Turk Hava Yollari : Pole Target Achieved, 295 % PROFIT Turk Hava Yollari: A Channel Pattern formed and Breakout. The Pole Target was achieved within two years, resulting in a 275% PROFIT. Bought at 41 TRY in May 2022 and Sold at 314 TRY in May 2024.
I want to help people to Make Profit all over the "World".
EREGL Ereğli Demir Çelik Flat ScneriaoA big flat correction to my eyes... Which means those last up moves doesn't seem to be a impulse wave so that means we are in a correction,which is by the time Wave B of the flat completed we can expect a strong,harsh move to the downside as to complete Wave C of the Flat.
TKFEN - 18 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TUPRS weakness remains but potential bounce at 159-160 TRYWeakness definitely remains with no sign of a relief soon but i highly doubt we close any negligible high timeframe below 159 and either bounce straight from 159-160 levels or form a base around there for potential accumulation stage. I'll definitely be bidding at those levels, confluence of support is a lot.
MGROS - 3 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
AKBNK DAILYThe stock is still struggling to find direction, news about other banks is also affecting this stock.
In the wave count, it seems to have completed the 5 waves at the 61fib level (with a last effort, it may extend to 100fib). In case of a correction, I think it is highly likely to go down to 23fib and 38fib is less likely.
KCHOL TRENDPrice reached to a critical fib level, upside trend started in March is valid until we see a break below 245.5 or Kaufman MA. If price surge below support then 230-217 are most likely targets.
I dont expect a trend change but a short correction, support from MA(50) may be good for the higher targets.
THYAO CORRECTIONPrice is moving within the Oct/2023 channel. Upper trend started from Mar/2024 has been broken and re-tested in May/2024.
I believe that this short term correction will be completed between 301.5 and 308.5 where we have 50 days MA as well, if Kaufman MA support is broken. Target is the upper boundary of Reg.Trend.