BIST100 (XU100)
In the monthly Cash Data, we see that a Reverse Neutral Triangle has formed and the post-pattern movement (the downward movement after wave-(e)) has also confirmed it and it seems that BIST100 is preparing for at least a 20-25% correction.
If the beginning of wave-(b) is broken, i.e. the number 7189, the correction of this index can continue to 5705.
In the monthly Cash Data, we see that a Reverse Neutral Triangle has formed and the post-pattern movement (the downward movement after wave-(e)) has also confirmed it and it seems that BIST100 is preparing for at least a 20-25% correction.
If the beginning of wave-(b) is broken, i.e. the number 7189, the correction of this index can continue to 5705.
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