#BIST100 Index Analysis by MyNameisMoney 11.06.2020

Hello friends,

As you know, I have 1 tweet that I shared with you on June 4, with this tweet, the corrections in the course of the recovery of the index could come.

#xu100 #bist100 When it manages to break the next point 110.545, I expect a correction around here. But since our strategy is clear, we do not expect a deterioration in the charts.

- MyNameisMoney (@mynameismoney4) June 4, 2020

Let's look at June 4th and today:

He got a correction from the point we said. Now when we look at the chart, we see two price tags. The white one of these labels is, of course, the pattern target that we are waiting for. But there are very important issues that we should pay attention to before this target. These points are in the first place could put the index into a correction up to the red-labeled price point.

1. Comparison of American Indices and Borsa Istanbul

I had previously written an article about index similarities, although the main theme was oil. You can also access that article here. CLICK HERE

The last-minute move of the American markets may also be a pioneering move for our stock market. As I warned earlier, you need to keep your strategies ready just in case. Only then can you make the right investment.

2. Futures Indices Market

As you know, the Istanbul Stock Exchange stops trading at 18:00. We can make sense of the next day's signals by taking advantage of the fact that futures markets are open overnight after the session closes.

Here, when we examine the behavior of our markets after 18:00 on the 5-minute candlestick chart, we see that there is a downward trend.

Dear friends, as you know, I have a goal to be different from other accounts. This should not mean that I despise and belittle others. Everyone has their own goals. Those who follow me noticed this difference in a short time.

I have never had an approach like "come on friends, let's buy this stock". With years of experience, I have gained the ability to take positions according to these declines when I feel the declines. I try to share these learnings with you.

I would like you to understand from this article that you should be able to strategize in possible scenarios and look at the event from different angles, rather than meaning that the index will fall or rise.

Time is our most precious asset. Therefore, I contributed to you by taking my time. If you do not withhold your shares and likes in return for this effort, you will help me keep my motivation for the next time.

Thank you

Final Note: All the details I provide here are for educational purposes and do not contain investment advice. You can send your questions and suggestions here or on twitter.