iShares MSCI Turkey ETF
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Inflation cleaned Index

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Hello, it doesnt look good for Turkish Stocks.

Index was trading slightly above important support for 3 years now and it seems it just broke out to the downside.

If this support zone breaks it could fall -50%+

We saw 3 years of trying to go up from here without succes.

DYOR.
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Bist100 chart:
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Well that was unexpected, but Turkish stocks are not out of the woods yet, we need a Daily close above Green Supp Zone i believe
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not so confident anymore but this could be a trap and we still go down.
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Cancelling this idea / closing position
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