ekgencsoy

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.

ekgencsoy

Price is below 200 day MA we have long term trend which also correspondes with fib support levels.

ekgencsoy

Seems like a zig zag correction pattern. Target area is marked on the chart, daily closure below 179.01 should lead us there. Then I will wait for a sharp response.

ekgencsoy

The stock is still struggling to find direction, news about other banks is also affecting this stock. In the wave count, it seems to have completed the 5 waves at the 61fib level (with a last effort, it may extend to 100fib). In case of a correction, I think it is highly likely to go down to 23fib and 38fib is less likely.

ekgencsoy

Expect to see the last leg of a flat correction, with a target between 1019-1080. I suppose that correction will finish between 31th of May to 6th of June.

ekgencsoy

The price is moving within the long term channel from 2022. Now the price is below both Kaufman and MA(50). We have seen a positive action in MACD but not confirmed by RSI yet. If fails, surging towards 105-100 is vey likely.

ekgencsoy

Price reached to a critical fib level, upside trend started in March is valid until we see a break below 245.5 or Kaufman MA. If price surge below support then 230-217 are most likely targets. I dont expect a trend change but a short correction, support from MA(50) may be good for the higher targets.

ekgencsoy

Price is moving within the Oct/2023 channel. Upper trend started from Mar/2024 has been broken and re-tested in May/2024. I believe that this short term correction will be completed between 301.5 and 308.5 where we have 50 days MA as well, if Kaufman MA support is broken. Target is the upper boundary of Reg.Trend.

ekgencsoy

After the marked correction area, we have seen an impulse and short term correction at the beginning of 2024. Trend moved in the main channel till now, expect to break the main channel and follow the 3rd wave impulsive channel toward the target 3 which is most likely fib target, if trend continues and no divergence seen, higher target area is also marked.

ekgencsoy

312.08 is a critical value. Below that line we have 3 support zones. Expect to see price moving south towards the bottom border of long term support line. Moving to south is expected to be followed by a long term north migration, after july 2024.

ekgencsoy

Longterm downstream trend is in progress, a shortterm up trend has been broken and re-tested, expect to see a test towards 857 till the mid of May 2024.

ekgencsoy

Awaiting the breakout of the trend started from Nov 2023, expect to see three targets if breakout occurs.

ekgencsoy

BIST100 (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.