Targets are shown in the chart,
Target 4 8.60
Entry: 7.85
Stop: 7.67
News flow+Index is followed with ATTENTION,
The exit level of the formation is considered the upside reversal point,
If the value goes down from the stop level, the formation is invalid.
When the existing formation is broken, a new formation may occur,
The pink colored Harmonic pattern is a bearish pattern of the past. Please ignore it. The downtrend has also taken place up to the lower channel.
Continuing within the Ascending Trend Channel. The lower channel has been contacted, it is expected to go to the upper channel.
Support and resistances are present on the chart.
Support 7.80
Resistance 8.76
Bottom hunter : DIP
Bottom receiver : AL
CCI : Middle
-There is no rule that any formation holds 100%.
-However, the technique acts according to a certain algorithm.
-Technical Analysis is to interpret past price movements into the future, it is just a forecast.
-The more important it is to take profit in your trades, the more important your STOP point is to avoid losing too much. STOP ‘ water no action is taken.
The information and comments contained herein are not within the scope of investment consultancy. Investment consultancy service is provided within the framework of investment consultancy agreement to be signed between brokerage houses, portfolio management companies, non-deposit banks and the customer. The comments and recommendations contained herein are based on the personal opinions of those commenting and recommending. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.