Will BIST100 beat inflation?BIST100, which has been trending horizontally and falling for a long time, I think it can rise from here and the final rise phase will come. It is too early to say this before the new ATH comes, but I think the 10.9k region is the decision point. When it stays above it, after a move to the 11.8 region, the price should be watched carefully and be cautious. It will look like second BTC 69k ath. So in these times, I think it would be more logical to proceed with a shorter hit and run.
XU100 trade ideas
XU100 — BIST100 indexStarting from the assumption that the corrective movement which began on July 18, 2024, is a WXY pattern, I consider the current movement to be the final leg of this formation. Accordingly, I have marked in yellow on the chart what I see as the most likely reversal date and target price level. The overall potential reversal zone is indicated by the two vertical grey lines, while the target price area is marked in green.
"BIST100: Triangle Signals 20-25% Drop"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.
Technical Analysis of BIST100 Index: Examining Trends and PriceIn this technical analysis, we have examined the Istanbul Stock Exchange Index (BIST100) with a special focus on trend lines and price channels. By precisely drawing trend lines, price channels, and linear patterns, key support and resistance levels have been identified. This analysis, using a simple approach without complex tools, provides investors with a clear perspective on the potential future movement of the BIST100 index in the near future.
order not filledWith the recent bearish trend, seems like sellside liquidity is taken and now moving to take unfilled orders which magnets the price to its level.
An additional sell position may be added between 9000-9020, that may cause to move your stop-loss about 25% higher.
TP1: 8860
TP2: 8760
Not an financal advise, experimental and educational content.
Do not open any trades with these ideas.
XU100 rolls back from EMA200 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.
XU100I expect a reaction from the 9600 level at the decision point of the Borsa Istanbul index, otherwise a drop to 9150 levels may be possible according to the news flow. The decision point is 9600. A position should be taken according to this point. If it is passed up, long, if it is passed down, close to 9150, long again. 10985 will be the target in the future.