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.
Please let me know if you have any suggestions...
We can see the head&Shoulder formation hapenning on Turkish Index 100 (Bist100).
Targets of this formation is;
- 99840 and than 99110 relatively.
Increase in the USD/TRY ratio is approving this formation.
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...
Downtrend line started in July 30th (orange) is still working neatly. Second time value touched to orange resistance on August 8th, steep downfall has been started. Now 96069 is a very important support. I think that support will stand still against the fall and bounce the value upwards. Tomorrow we can see just a little bit more downmove and than a steep move to...
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...