Dear friends, after the correction in September, some difficulties started in the index this week. The index, which climbed with the effect of the rise in balance sheets and commodities (Ereğli), was able to make one last move on Thursday, as the US inflation data came in better than the expectations. Garanti Bank, on the other hand, seems to be preparing for a double top formation. Because it does not seem possible to break through the huge engulf in the week in one go.
It needs to gather some more buyers and gain power from the bottoms. My expectation is that this week will be negative and then it will go up. As in the figure, there can be withdrawals up to 21.
Note: Compilation from personal notes, not investment advice.
Soruce : https://tr.tradingview.com/chart/GARAN/NXIVQ8FZ/