When we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course.
As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August 29 was broken as of today. Similarly, Moving Average seems to have broken the Bollinger middle band upwards. The RSI side also supports output.
Here, the price can throw itself into a new channel (99243 - 99937) by breaking the resistance of 99243. If 99243 is broken, there may be a buying opportunity.
However, it is also necessary to pay attention to the corrections that may take the value back under the green fall band in a possible correction.
Good luck everybody
As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August 29 was broken as of today. Similarly, Moving Average seems to have broken the Bollinger middle band upwards. The RSI side also supports output.
Here, the price can throw itself into a new channel (99243 - 99937) by breaking the resistance of 99243. If 99243 is broken, there may be a buying opportunity.
However, it is also necessary to pay attention to the corrections that may take the value back under the green fall band in a possible correction.
Good luck everybody
Trade closed: target reached:
Value broke the resistance as we expected and went up to next resistance directly. New resistance bounced down the value.