My Thoughts on Current Markets-51

My Thoughts on Current Markets-51


Let's start on the German side. The breakout that started at 15000 took us to the levels of 16800 -17000. 16700 is a very important level for us from now on, and then 16600 - 16700 dax is important for us from now on. If there is a breakout and starts to close below 16600, there is a possibility of a retreat to 16300, which will end the trend in the short term. Apart from this, I can say that as long as the closings above the 16600 - 16700 range continue, upward movements will still be supported in the DAX.

There is a similar situation on the Dow Jones side. Dax weakened but Dow Jones did not weaken. Here, especially bollinger could not exceed the upper band. It made a serious correction in the first stage, then broke through, independent bars started and the rally continues at full speed. We have passed the peak after the pandemic. From now on, you will be careful not to close below 36900. Unless it does this, the Dow Jones will continue to be supported to the upside.

On the gold side, I specifically mentioned the point level here as 1975. 3 days later, it backfired with the news. I was saying that we could see a reaction between 2040 and 2070. We saw this and experienced it. This is exactly the bottom point. Likewise, the 2040 - 2070 range above is the biggest obstacle to the new peak for us. When closings begin on this range, you expect a new peak on the ounce gold side. But this place could not be overcome. Back to 1975 again. If there is a breakout, look to the 1930s for the main support point from now on. This will remain the main support point. If you need to give a range for the future, if you ask where you can buy in the next period, if the 1930 - 1975 range is seen again, this is the buying area. Until it closes below, if you see a close below, you must follow this movement with a stop.

On the Brent side, look at how accurate the numbers I mentioned are. I always drew attention to the 82s. I said that as long as the Bollinger middle band is not crossed, the point where we will take our breath is 78 - 76 in the first stage and then 72. We tested the 72s on Wednesday and got a reaction from there. This is a good reaction, but if we cannot see clear closings above the 76 - 78 range, we will see a trend towards the Bollinger lower band again. Again, the reaction from the Bollinger middle band goes up to 92. Then it starts to float down again. Here, for an upward break again, exceeding 82 levels will bring a strong upward movement. But if the reactions come this far and cannot be overcome, it should be seen as a clear sales opportunity for us on the Brent oil side. If 72's are broken below, much worse scenarios will occur. I will comment on this again if there is a breakdown. I can say that 72 can be considered as the buy level, provided that you place a stop as long as it is not broken.

In Bitcoin, 44700's may be a sell level for us, especially as resistance. I had stated that sales between 44700 - 47700 could take us to the range of 39000 - 41000, and we saw this. The movement I mentioned here has ended for now with the correction here. It will be around 40000 in the coming weeks. A break here will force us to test the lower levels along with the Bollinger break. The most important support level here will be 36800 in the short term. If Bollinger breaks, I will try to reinterpret the chart accordingly. In the short term, it is stuck between 41000 - 44700. If it can start closing above 44700s, 47700s. Even if it cannot start, I can say that the pressure on 41 below will increase and it will try to break Bollinger downwards, also on the bitcoin side.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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