BIST 100 index may start to bearish period this week
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 broke the support downwards, moving average is testing the bollinger baseline, parabolic SAR started to point down movement, last but not the least is bollinger bands narrowed down for a steep movement.
Lastly on 1hour chart; moving average has already broken the bollinger baseline downwards, RSI and SAR indicators are also confirming the down move.
Price should be checked to see when the price breaks the support. If the movement will start, first aim would be 101578, if that support will be broken also 100792 will be the next support.
PS: These are just my opinions, you should double/triple check my drawings before making a decision :)
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 broke the support downwards, moving average is testing the bollinger baseline, parabolic SAR started to point down movement, last but not the least is bollinger bands narrowed down for a steep movement.
Lastly on 1hour chart; moving average has already broken the bollinger baseline downwards, RSI and SAR indicators are also confirming the down move.
Price should be checked to see when the price breaks the support. If the movement will start, first aim would be 101578, if that support will be broken also 100792 will be the next support.
PS: These are just my opinions, you should double/triple check my drawings before making a decision :)
Trade fechado: objetivo atingido
Likewise we expected, value broke the support line and went down to the channel below.
Aviso legal
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