ekgencsoy

ekgencsoy Updated 

Starting 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...

ekgencsoy

The corrective move in the BIST30 index, which began in July 2024, has completed the first two legs of a three-wave structure and is currently unfolding the final downward leg. While the overall pattern appears to be a classic flat (regular) correction, the possibility of it evolving into a WXY complex correction—albeit less likely—still remains valid. I...

ekgencsoy

BIMAS has been undergoing a corrective move since August of last year. I anticipate this correction will be completed after a full year. Target zones (in terms of both time and price) have been marked accordingly based on this scenario.

ekgencsoy

Two target zones are marked in yellow. Expect to see a downward movement.

ekgencsoy

It was a bit of a rushed and forced move, but I expect to see further downside action for a while. Better to keep an eye on it.

ekgencsoy Updated 

Ee observed an all-time high on July 17, 2025. Since then, the market appears to be undergoing an ABC corrective pattern. Based on the wave structure and proportions, it seems we are currently in the final leg of this correction. Two potential target zones, both in terms of price and timing, are marked with yellow lines on the chart. In my view, there is a high...

ekgencsoy Updated 

The correction that began in mid-July 2024 does not appear to be complete yet. I interpret this movement as a WXY pattern, and it seems to be in the second sub-wave of the Y wave. I have marked the potential zones (green areas) and the key reversal levels within those zones with yellow lines.

ekgencsoy Updated 

My previous post related to AKBNK was on 3rd of June, 2024 for the maked IV th wave correction. 17th of March, V wave completed and a correction phase has started, we are now heading to marked area to complete the last wave of the correction. Later on we will understand whether this is a simple or a complex correction.

ekgencsoy

Unfortunately, SISECAM continues to display a negative outlook. In the current chart, it appears that the third wave of the first leg of a zigzag correction has been completed. In this case, a brief corrective upward move is expected, followed by a fifth wave. Potential target zones are marked on the chart.

ekgencsoy

The long-term upward trend remains intact, and I believe the corrective move within the sub-waves has been completed. In the short term, the target zone appears to be between 3700 and 4100. After that, a deeper Wave IV correction is likely to occur.

ekgencsoy

Impulsive wave started in mid 2023 has just ended and I expect to see a correction till %38.2 5.17-4.86 area.

ekgencsoy

Moving in the same channel till 2022 with an uptrend. Expect to see price down to 3 defined targets and then move north till the end of July to finalize the cycle.

ekgencsoy

Correction confirmation line (green line) and expected buy zone is marked on the graphic. Deep correction is also marked with red line (low probability). Buying partially to anchor to the bottom of the buy zone might be a good strategy.

ekgencsoy

I expect that this correction is a WXY and we are on the second leg. After finalizing X, I do expect that trend will go south to finalize correction.

ekgencsoy

It seems that correction started at the end of April 2024 is coming to an end for THYAO1! Target area is marked on the chart.

ekgencsoy

Since the correction seems to be a 5 wave, I expect to see a new leg down after finalizing B wave

ekgencsoy

Correction from MAY 2024 ATH is believed to be an ABC correction, expect to see the end of this correction by the end of 2024.

ekgencsoy

Impulsive wave started after DEC 2023 lows. I believe that we are in 3rd subwave, expect to see a correction after reaching target fib range. A correction is highlikely at the end of 2024 and new highs (3rd wave of high level wave) at the first quarter of 2025.