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XU100 trade ideas

BIST100 XU100 ForecastBased on the information provided, the price has been range-bound for the last 80 days. Additionally, the last range lasted for 120 days before breaking out. This suggests that the current range may continue for some time, and traders should exercise caution when considering trading opportunities. The technical analysis includes two scenarios: a bullish scenario represented by the blue line and a bearish scenario represented by the red line. Traders should wait for clear reactions from the zones indicated in these scenarios before initiating any trades. In the bullish scenario, the price would need to break above the upper range boundary and hold above it for an extended period before traders can confidently enter long positions. This could indicate that buyers have gained control of the market, and the price may continue to rise. On the other hand, in the bearish scenario, the price would need to break below the lower range boundary and hold below it for an extended period before traders can initiate short positions. This could indicate that sellers have gained control of the market, and the price may continue to decline. Overall, traders should exercise caution when trading in a range-bound market and wait for clear indications of a breakout before initiating any positions. It is essential to monitor the price action closely and adjust trading strategies accordingly to stay ahead of the market.
BIST:XU100
by TradeConfirmed
1
PSYCHOLOGY OF A MARKET CYCLE : BIST XU100 2020-2023After a bull-market cycle, fueled by Turkiye Central Bank liquidity and Turkiye Wealth Fund assets, politicians and media were touting the continuation of the bull market indefinitely into the future. It is understandable why mainstream analysis believed the markets could only go higher as there are many signs suggesting the current Wyckoff cycle has entered into its third stage - the distribution phase gained traction. But Turkiye is experiencing an natural disaster that affects people psychologically and emotionally, leading them to think differently, act differently, and alter the way they make decisions—including economic decisions. In that sense, the psychological impacts of earthquakes may continue to have profound economic impacts long after reconstruction is finished. The Wyckoff cycle has entered into its fourth, and final stage. Whether, or not, the current distribution phase is complete, is the question we are all working on answering now. There is a sizable contingent of turkish investors, today who have never been through a real bear market having three stages: 1. Start with a sharp and swift decline. 2. After this decline, there is an oversold bounce that retraces a portion of that decline. 3. The longer-term decline then continues, at a slower and more grinding pace, as the fundamentals deteriorate. While there is a less of “hope” the Turkish Central Bank’s flood of liquidity can arrest the market decline, there is still a tremendous amount of economic damage to contend with over the months to come. In the end, it does not matter if you are “bullish” or “bearish.” What matters, in terms of achieving long-term investment success, is not necessarily being “right” during the first half of the cycle, but by not being “wrong” during the second half.
BIST:XU100Short
by Saunak
BİST100 (XU100) Double Top + Another Trendline Break Forming?The BIST100 index recently experienced a trendline break, failing to reach the previous trendline and forming a lower angle trendline. This new trendline is showing signs of weakness, as evidenced by the formation of a double top pattern. Given these indicators, it is likely that the BIST100 will experience another trendline break, potentially leading to a retest of the 5000 level. This analysis should be considered as one of multiple factors in making investment decisions, and further research is recommended. 15M Timeframe: 4H TF:
BIST:XU100
by TradeConfirmed
4
XU100 - Short Term Bear Channel FormedAttention 200MA in the hourly chart, which is around 5396, is now a resistance (previously it was a support!) Red Channel Now focus on the red channel: On Jan 5 and Jan 6, its highs and lows are formed respectively. And today, on Jan 9, we saw that the top of the channel is verified at the start of the day. Looks like we will be in this bear channel for a couple of days, until the appetite is back. (remember, it's an intensely inflationary country and the stock market's direction is up unless something drastic happens xD). The best scenario: The index hits the previous high at 5093 and bounces. The obvious price action move. However I don't expect this to go off, since the retail investors are really panicky and they will act in a bipolar manner. Good scenario: The index hits 4992 (where the daily 50MA will be) and bounces from there. Bad Scenario: The index hits 4772 (where the 4hour 200MA will be) and bounces from there. It will also be very close to the support at 4770 which we found from the price action. This looks to me like the most probable scenario. Basically, I expect the daily RSI to go as low as 30-35s and get up from there.
BIST:XU100
by alicanb