XU100 (BIST) Long Term Analysis

Hi All,

This is not investment advice..
very long term analysis for XU100 (BIST)
Each bar is one month..

I am waiting for ending cypher pattern about 113.4x and also starting sharp fall with third wave of elliot.
As you can see rising wedge pattern on montly graph as logaritmic graph.

According to cypher pattern you can find potential reversal zone after reach terminal bar (113426.21)
I dont want to refer about TP1 (0.382) and TP2 (0.618) Cyhper resistances.
Because end of the cypher waiting for sharp fall with third elliot wave and dont care shortime analysis..

Second pattern is on XU100 1M ABCD or Alternate ABCD harmonic pattern whatever you choose..

If the ABCD or Alternate ABCD harmonic pattern works, AB=CD (level) is minimum requirement ----> 76549 ( if the price action does not reach this target , ABCD is invalid therefore alternate ABCD is also invalid)


Minimum requirement & Resistance1 = AB=CD ---> @76549
Resistance2 = 1,272 AB = CD ----> @66518
Resistance3 = 1,618 AB = CD ---> @ 53997

P.S: Also I am waiting for sharp fall in parallel #dji #dow #spx500 #nasdaq #ndx #xu100 in 2020
waiting for rally #xagusd (silver), #xauusd (gold) , #btcusd

Good luck