Analysis:
1. Charts and Formations:
• A falling trend line on the chart has been broken and price accumulation has occurred within an area designated as the “accumulation” zone.
• Target price zones were determined by paying attention to Fibonacci levels.
• The RSI (Relative Strength Index) is showing a positive divergence and the potential for an upward move.
2. Support and Resistance:
• Support: 1,350 - 1,000 levels (especially the lower limit of the “accumulation” zone).
• Resistance: Marked as 2.550, 3.100, 6.300.
3. Indicators:
• RSI is giving a bullish signal by recovering from the oversold region.
• Moving averages (likely EMA stripes) are rallying below the price, confirming the potential for a trend reversal.
4. Target and Prices:
• First target: There is resistance at the 2,550 level.
• Second target: level 3,100.
• Long-term target: 6,300 level.
5. Trend Direction:
• In general, there are signals of a transition to an uptrend.
• The downtrend breakout and the “accumulation” zone support an upward move.
6. Strategic:
• Short Term Strategy:
• Positions can be taken by following closings above 1,350.
• Gradual sales can be planned up to the 2,550 level as the first target.
• Medium Term Strategy:
• If there is a break above the 3,100 level and an increase in volume, the position can be increased.
• Stop-Loss:
• Stop loss can be applied for daily closings below the 1,000 level.
7. Comment:
• Price action and indicators show that buyers have taken control and an uptrend has begun.
• However, volume increase is important at resistance levels. When there is no volume confirmation in resistance breaks, pullbacks can be expected.
• In the long term, the 6,300 target is noteworthy, but before reaching it, it would be logical to take profits at intermediate resistance areas.
Market conditions should be followed carefully at every step and the strategy should be updated according to current developments.
