After a prolongued rally, BIST, Turkish Stock Market is entering it’s bearish trend. The levels that are shown has to be followed as guide lines and obeyed if broken otherwise. The sentiment is bearish therefore I do not expect upper breaks to continue yet I expect they remain as bull-traps.
we spotted a extended divergance on RSI witch suggest trend contnuation ( drop )
if the price breaks the 0.618 of the fibonacci extention that its drawn above or the closest S/R zone to it
and gives confermation we are exepting to have a drop untill the next specified support zones
( alert! always anlyse on you'r own we do not give signals )
additional notes...
