XU100/USDTRYIt's kinda easy to spot the divergence on Rsi, which may lead to the prices going down a bit. However, I'm still bullish in the long term.
*Not an investment advice.
XU100 trade ideas
XU100 potential movementnot enough buyers, and low volume indicates that if a major resistance stumbles on its way, the bears may want to sell. In USD chart the resistance will occur around USD324.
This price is also a resistance level in TRY chart in latest trend.
not a financal advice, experimental and educational content.
Very strong confluence point in 26 April 2024 for $BIST:XU100 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.
$BIST:XU100 may test 317 USD on 22 March 2024And same date: 22 March 2024 would be the start of the downtrend for BIST:XU100 !
BIST100 short term - EWBIST100 (XU100) is in correction mode with a WXY correction. Expect to see a short term increase to form Y leg and then two targets are marked at the bottom side.
BIST 100 USD band within $300 - $260BIST 100 got rejected again to break $300 and is on a falling trajectory. The $260 support stands strong, however if it doesn't hold, it'll form the new top.
This chart is does not consititue financial advice.
Turkish Stocks... Time to Short?/obviously yes/Simply get out from the Turkish stock market on the next up...
All of the stocks on the market will have min %50-%70 correction.
Don't fall into the trap of manipulators. Unempleyement will go up . Companies will have to pay their depts... 💩 news are loading. Buckle up.
I will update the idea as it hit the bottom.
This is not a financial advice do your research and take the risks accordingly...
XU100 (BIST100) - Extra exponential bullish trendThe Turkish Index of 100 aka BIST100 is experiencing an inflation powered bullish trend for the past 2 years. This is not going to be the end of it. In fact, this I believe, is the last and most powerful up-thrust of the index. My thoughts are that Turkey is experiencing a currency & stock market correlation to Argentinian crisis. Albeit the reasons are different, the outcome looks as if it is 18 to 19 months lagging Argentina. Right now the currency is where the Argentinian pezo against US Dollar lost it's control at, 31.30s. From there the pair jumped towards 60 and beyond until 800s. If not taken under control here, Turkish Lira and the stock market are doomed to experience something very similar. I see the Index headed to USD 1.000 and USDTRY headed to 50.00 which targets my XU100 at 50.000 TRY points.
#XU100 #bist100 figuring out something like this...300 dollars is an important physchological resistance. If BIST:XU100 does not able to break, i marked the retrace zone. The situation is bullish now.
NOT FINANCIAL ADVICE.
BIST100 - Backtest the break out and continueBIST100 got a nice rally with the improved relations with US. There is a resistance for the short term at 8515 (Monthly second pivotal resistance level). RSI is also showing a bearish divergence. The index may want to test the previously broken channel. Then, with the election environment and the positive relations with US and NATO, we may see the continuation of the rally.
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Turkish Stock IndexAfter a great flag i wait a small downwards move leading to a breakout of the flag giving us a good LONG position.
Bloody WaterfallI think the trend will be downward for the next three months. Even though the main expectation is MA200 on the daily chart, I foresee a further decline both in terms of Fibo value and dollar basis.
XU100 - END OF CORRECTIONCurrent correction from 03 Oct high till today, forms an abc (5-3-5) wave ending with two probable ending points. Expect to see a returning point between those two lines.
A huge projection of Turkiye's $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 are far from being synergetic and uniting. Yearning for the first days of establishment 100 years ago. At the dawn of her second century, Turkiye's struggle to stabilize begins again.. in conjunction and symmetry with her very near history...
$BIST:XU100 finalizes its 3 month downtrendBe tight to see 15 December BIST:XU100 2023 price action.
BIST100 - XU100 - Historical Bullish RallyBIST100 is locked and loaded for a historical rally. This year, the index of 100 stocks of Turkey will outperform even in USD basis for the first time in decades. The mechanics of this is very complicated but can be summarized by jeopolitical structure. This is a 18 months lagging Argentinian IMV exchange in short words. Turkish Lira is NOT as weak as Argentinian Peso, yet is due to follow a similar path if not managed correctly.
XU100-DailyTECHNICAL ANALYSIS
It looks more like a quasimodo formation than a head and shoulders formation.
This formation can also be interpreted as ABCD.
We can see price fall sharphly to down.
MACROECONOMY
Investors are confused due to the excessive increase in deposit interest.
The new economic program and the statements indicate that a harsh monetary tightening will be implemented after the local elections.
XU100-MonthlyTECNICAL ANALYSIS
October candlestick close lower than september.
I think five elliot wave is complated.
I am publishing three chart please check an other analysis.
MACROECONOMY
Investors are confused due to the excessive increase in deposit interest.
The new economic program and the statements indicate that a harsh monetary tightening will be implemented after the local elections.
WEEKLY
DAILY
XU100-WeeklyTECNICAL ANALYSIS
Last 8 week candle is corection wave because candlestick momentum is very low.
I am publishing three chart please check an other analysis.
MACROECONOMY
Investors are confused due to the excessive increase in deposit interest.
The new economic program and the statements indicate that a harsh monetary tightening will be implemented after the local elections.
Bist100 endeks 1DAccording to the reverse wedge and harmonic formation, my expectation is that the index will fall to the 6800 region.
xu100 trend analysisalmost identical moves, 650ish bars 85% return twice and lets see if the pull back will follow the same pattern
XAUUSD, NDX, XU100: Real Prices (Inflation Adjusted)A historical overview of inflation adjusted prices: XAUUSD, NDX, XU100USD
We are all blinded by "the price", and usually oblivious to the real price and real earnings.
As inflation silently erodes the market, it may be a cold shower to take a look in the long run.
The elephant in the room: the gap between the nominal and CPI adjusted price.
