Turkey Stock Market has reentered to the Trading Range. Even though there might be some consolidation in the Demand OB, current structure indicates this downward momentum won’t stop until reaching the Range Low and gathering the enough liquidity. Entry: 88500 SL: 83400 TP-1: 98900 TP-2: 103900 TP-3: 108900 R/R: 4 Please let me know if you have any...
Daily setup for, short term bearish momentum . After the Profit Target reached, it is up to individual trade management technique to take profit or ratcheted it. Not a fan of diagonals but respect them to some degree.
-Fibo retracement seviyeleri TP noktalari -Haftalikta onemli destege yakin
Starting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd. When we look at the daily chart price is on support level, RSI is also on support level On 4hours chart; price is on support, RSI...
Buy pressure showed itself from very strong yellow support level and pushed the price over the resistance level. The price is doing retest move on current price, I think it will continue to go up at least to 1.22-24 resistance level. Stop level is under support level which is around 1.04-05
I'm not bullish on BIST 100 index, and I was expecting 90K first but it seems the current structure wants something else. This is my best-case scenario. It breaks current resistance, hits 106K first, then starts its journey around 90K to form a huge inverse H&S. This might be the only viable option for BIST to go for new highs. TRY assets are all fundamentally...
Could be a turning point for #SODA and upcoming bullish trend.
4H chart indicates a confirmed move to north pole. A channel has been forming since one month and it is worth to watch out how it will evolve.