BİST100 (XU100) Double Top + Another Trendline Break Forming?

BIST 100 인덱스 (BIST:XU100)

BIST:XU100 BIST 100 인덱스

trendanalysis harmonicpatterns chartpattern bist100 bist xu100 borsa istanbul borsaistanbul imkb rip indices

The BIST100 index recently experienced a trendline break, failing to reach the previous trendline and forming a lower angle trendline. This new trendline is showing signs of weakness, as evidenced by the formation of a double top pattern. Given these indicators, it is likely that the BIST100 will experience another trendline break, potentially leading to a retest of the 5000 level. This analysis should be considered as one of multiple factors in making investment decisions, and further research is recommended.

15M Timeframe:

4H TF:

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