4 years of rally is being corrected, it is an exponential correction. Therefore it will be sudden, sharp and strong. It is being accompanied with foreign exchange rate against USD is being devalued, I do expect a sharp turn on that side aswell. Good luck.
I really will not explain this, it has 0 intrinsic value, it is going to 0 real value.
As can be seen in the snapshot. It is clear that UCYMA indicator is working accurately with XU100. Albeit it's components look very simple, simplicity is the key. It uses several filters of Moving Averages depending on Linear Regression, Kaufman Adaptive's and Hull concept. This is a Long-Only, spot, stock swing trade indicator and you're witnessing it's Long...
Turkish Stock Market is about to experience it's last, final, and most bullish rally.
As the everything bubble closes in on it's lead time, we see a triple top aswell as a very big Reverse Head and Shoulders forming... I believe the crash started by 67k will be tested at 62k and followed by the levels 50k, 38k and 28k respectively. If 28k fails we might see a low below 15k.
The Turkish Index of 100 aka BIST100 is experiencing an inflation powered bullish trend for the past 2 years. This is not going to be the end of it. In fact, this I believe, is the last and most powerful up-thrust of the index. My thoughts are that Turkey is experiencing a currency & stock market correlation to Argentinian crisis. Albeit the reasons are different,...
BIST100 is locked and loaded for a historical rally. This year, the index of 100 stocks of Turkey will outperform even in USD basis for the first time in decades. The mechanics of this is very complicated but can be summarized by jeopolitical structure. This is a 18 months lagging Argentinian IMV exchange in short words. Turkish Lira is NOT as weak as Argentinian...
The formation of bearish Head And Shoulders will be mitigated since it formed above the 200 MA and the trend is still bullish. This price area seems to be a correct entry for Long. I expect a huge bullish rally.
After a strong sale followed by the bears, these are key levels to follow, still being bearish, this level offers a 1:1 risk ratio, and I do not like these odds in this market. Better to stay aside and let it decide it's move, entering Long when in the below levels will offer a higher risk reward ratio which is desirable, entering either Long or Short depending on...
The geo-political situation is worsening... We might see a crypto-like movement in Oil terms pretty soon...
After a prolongued rally, BIST, Turkish Stock Market is entering it’s bearish trend. The levels that are shown has to be followed as guide lines and obeyed if broken otherwise. The sentiment is bearish therefore I do not expect upper breaks to continue yet I expect they remain as bull-traps.
It is clear the index is going to score higher ATH's, however, there is still -20% to -25% threat on the table. In order to assess the existence of this threat, following levels and close values of the index with correspondance to those levels are to be watched closely.
Given the circumstances and technical looks, BRENT is about to sky rocket as it seems. This is a high probability trade for futures and option enthusiasts.
UCY MA indicator combines several different algorithms into it's MA calculation. Also calculates a correct price range for order execution. Right now, the system is alerting me that there is an opportunity to take asymmetrical risk with a stop at 18.80 while take profit at 36.00. I believe that is a very good return in any market. Regards.
After a tremendous gain even in USD terms, Turkish Stock Market is concluding it's rally with a high volume pre-sale followed by a perfect Head And Shoulder combined with a Rising Wedge, confirmed with Directional Index and a magnificent bull trap. This is a perfect Short opportunity.
I now expect the crypto hype and universe’s death as major holders are now Asia and not US based is also supporting this financial warfare.
The pattern shows a very strong bullish trend. Target is shown in the chart.
No liquidity of forex currencies, hyperinflation and quantitative easing at it’s reckless form… There is no escape from inevitable… Truly painful to look at…