Chart Analysis and Comments:


1. Target and Prices:


• As seen in the chart, Fibonacci levels were used and important resistance areas were determined.


• First target: 193.50 level (immediate resistance).


• Second target: 258.00 level.


• Third target: 319.60 level.


These levels are potentially achievable in the event of an upside breakout.


2. Support and Resistance:


• Support Regions:


• 118.90 (below the current price, the red horizontal zone is set as support).


• The areas where the trend starts at 114.00 and below can work as support points.


• Resistance Zones:


• The first significant resistance is at 135.00.


• In upward movements, 193.50 and 258.00 are strong resistance areas.


3. Indicators:


• Fibonacci levels appear to be in line with the price action. Adding indicators such as momentum and volume can confirm the strength of the current trend.


• Examining oscillators such as RSI and MACD can provide information about overbought/oversold areas.


4. Formations and Formation Reversals:


• The chart has broken out of a “Symmetrical Triangle” formation.


• After the breakout, target levels are supported by Fibonacci. This formation usually works as a continuation formation.


• The potential for the movement to continue is high with the increase in volume.


5. Trend Direction:


• A long-term upward trend is observed.


• The broken downtrend line signals the beginning of the upward movement.


• As long as the price stays above the 118.90 level, the uptrend will be maintained.


6. Strategy:


• Buy: In pullbacks above the 118.90 level, a position can be taken on a short-term support.


• Stop Loss: A closing below the 114.00 level can be used as a stop loss.


• Target: Gradual profit taking up to 193.50 level, further targets can be followed at 258.00 and 319.60 levels.


• Volume analysis and market news flows can guide the strategy.



Comments and Recommendations:


• It is important for the price to stay above 118.90 to maintain the uptrend.


• In case of sudden declines, support areas should be monitored.


• An increase in volume confirms the strength of the trend. If a decrease in volume is observed, a price correction may occur.


• For long-term investors, it may be reasonable to confirm the trend breakout and follow higher targets.



This analysis is based on fundamental technical data and should be updated according to changes in market conditions.