Looking at the XU100 chart, I expect the 5.074 and 5,000 levels to be tested in the first place. With the break of the 5,000 level, I expect a drop of 4,602.28.

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Partial Factors to Block the Rise

1. Not closing price gaps in XU100 and Viop indices
2. Since we are not in an uptrend, the consolidation period may continue due to movements within the pennant.
3. The economic damage caused by the earthquake (Continued)
4. Expectation of devaluation due to shortage of dollar (first decrease, then rise due to inflation)

Factors to Accelerate the Rise

1. Dollar devaluation
2. Inflation not falling as expected

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You can thank this analysis prepared for you with an appreciation.

The chart will be updated according to the new movements.

You can add your ideas and questions in the comment section.

Good luck.

INFORMATION

-All entries are made according to predetermined criteria and signals. As an investor, you should determine your own entry criteria, strategies, signal protocols.
-Because the price is in the area, it should not be taken to mean that it will go in a certain direction. It should not be forgotten that not every analysis will result in correct results and will not turn into a transaction.
-Analysis should not be interpreted as a signal for your entry to the trade.
– Review the analyzes by examining them yourself first. We recommend that you try to add something to yourself by creating your own entry strategy accordingly.

Regards.

Soruce : https://tr.tradingview.com/chart/XU100/zKv8KZdd/