We broke the ascending channel resistance on the #XU100 4-hour chart. However, with today’s correction, the front resistance level was in the support position, and it fell into the previous channel by breaking it. In 4 hours, SuperTrend indicator has changed from Buy signal to Sell signal. For the short term, I think the correction will continue. This is a healthy fix no need to panic. Our long-term goals are still valid. We have the Central Bank’s interest rate decision in front of us, which coincides with Thursday, July 20. I already thought this week was going to be volatile. Correction would come, of course. It’s good that it came in because the indicators in all stocks are inflated too much. In particular, it was observed that the RSI indicator was at peak levels in all stocks. I was constantly saying that in case profit realization may come, I said that your profit, if any, can realize some. After this point, our support level to follow is 6111 on the daily, if this level is broken, our important support level is 5712. This level is also the support level of the ABCD pattern. When it comes to this region, the formation comes into play. I have indicated our stopping progress in every analysis. Let’s be clear. Our first goal is not to lose money rather than make money. All kinds of money are earned. The important thing is to protect the value of money and to evaluate the opportunities well. Ytd.

Soruce : https://tr.tradingview.com/chart/XU100/PRDxvqp7/