XU100 trade ideas
Critical Support Zones For XU100I have depicted the critical support zones for the main XU100 index. Personally, I have no comment neither idea which one to hold.
Yet, one should consider the current inflation in Turkey and the trend that is just broken was really really strong with the largest help coming from the banks.
I will be 50% cash waiting for signals of strength in BIST last weekend correction in Turkey stock market was not only limited to the Indexes.
all the market made a deep correction.
overall market has lost its 10 days SMA.
the next possible support zone can be 2300-2400 in BIST 100 that is a strong support and in coincidence with 20D SMA
BIST100 has broken up its rangethe war in Ukraine caused faster correction in Turkey Stock Market.
now we can find leaders to ride .
BUT, Carefully......
My daily fantasies; they fail most of the timeMy daily fantasies; they fail most of the time. note: "Patterns are not confirmed before its formed" actually even "after they are formed"
Overbought risk for BISTBollinger bands implies relatively high prices, thus we can say buyers will be more reluctant from these levels
RSI negative divergence
XU100 DÜZELTME ZAMANI GELMİŞ OLABİLİR!!XU100 düzeltme zamanı gelmiş olabilir. Yatırım tavsiyesi içermez.
XU100 First target: 2270.00XU100 respected the support of EMA 20 and broke up the swing pattern. the first target is 2270.00 level
Some critical level to break for a continuationOne should be careful about this price level; there is huge potential for a retracement. However money and inflation could beat anything.
Rising Wedge Breakout (Hourly) "i dont trust Rising Wedges" Rising Wedge Breakout (Hourly) "i dont trust Rising Wedges" . Hope everyone gets the best of it.
XU100 - BIST100 SELLIf you think my analyzes are successful and meaningful, please contribute by commenting and liking.
If i were the xu100 i would consolidate in this zone then ...If i were the xu100 i would consolidate in this zone then go on for another higher high, of course it would take a while and cost many stop losses.
Sources : Potential Inverted Cup and Handle Formation; weak NASDAQ and weaker dollar
Key Support and Resistance levels for Borsa İstanbul Key Support and Resistance levels for Borsa İstanbul. Be careful about the wicks, do not panic
BIST 100 needs a deeper rest to before its next flight Turkey stock market is in a strong bull trend since March 23,2020,charts say that this trend will be continuous. but any healthy trend needs enough correction after any big wave .
as my vision to BIST100, I expect 2 scenarios :
1- BIST will drop down 7%to 15% and start its new bull movement from bottom of its channel.
2- BIST will make an squeeze pattern between 1800 to 2000 and after a period it will break mentioned pattern.
anyway, I will stay out.
in this moment cash is King.
XU100 is still in a correctionThe first 5 waves of a zigzag formation are completed. Next, If it proceeds toward the B in a 3 way (ABC) formation then we will be sure about the being of wave C. However, time will tell if it is a single, double or triple zigzag in the overall correction. First we have to wait for confirmation of wave B. Trade safe!
Turkish stock market USD termsTurkish stock market in USD terms. On the point of brake down of the gigantic decending triangle.
Target 1655Following weekly candles.
I think we're in the end. Time to start short
TP 1655, there is a nice gap to fill there.
Correlation between USDTRY and BIST indexAs we can see, there is a correlation between USDTRY and BIST index. The increase in the stock market index has been influenced by the increase in the price of the USD in Turkey.
But be wary of this rapid increase. A similar experience happened in Iran in the last two years. After the rapid rise of the dollar price in 2019, the stock market index grew rapidly and reached about two million one hundred thousand units. During this increase, many people joined the stock market, and a lot of money flowed into the stock market. But a large part of this index increase was a bubble. In mid-2020, the Iranian stock market began to fall sharply and fell to about one million and one hundred thousand units. In the meantime, many people lost their money. And after that, the Iranian stock market plunged into a period of recession that continues to this day.
