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Emrut

XU100- Possible Reverse Head&Shoulders

Short
BIST 100 Index (BIST:XU100)  
Emrut Updated   
BIST:XU100   BIST 100 Index
Trend Analysis Chart Patterns Technical Indicators bist100 XU100 turkishstocks reverseheadandshoulders Bearish Patterns index
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trendanalysis chartpattern indicator bist100 xu100 turkishstocks reverseheadandshoulders bearish index
Turkish stock index BIST 100 seems like forming a reverse head and shoulders formation.

Target of this formation is first 88.500 which is the height of shoulder, and than 86.000 which is the height of head.

After completing this move, a great opportunity is to buy this index because prior to this correction, prices were around 120.000. For the last 20 years annual increase rate of this index is around 24%
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