In this chart I wanna discuss about USDTRY and Borsa Istanbul, coz Borsa Istanbul and Turkish Lira have negative correlation.
As u can see that bullish pennant pattern perform at USDTRY, and this pattern already break up. But you also can see that bullish confirmation resistance line still not break up at 6.15.
If bullish confirmation line break up with full candle at one hour timeframe, bullish will continue to reach bullish pennant pattern projection at 6.63
If USDTRY cannot break up bullish confirmation line, bearish will perform to reach fibonacci support line at 5.63
And if we look at Borsa Istanbul Chart, BIST 100 perform 35 degree parallel channel down pattern with target at 80464 if trendline support breakdown bearish will continue to hit fibonacci support at 59503.
Still no bullish sign for Borsa Istanbul, Bullish only perform if channel down breakup. I will update this analysis if channel down breakup.
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