BIST 100 Morning Outlook: Algorithmic Selling Pressure and Critical Technical Levels

The contraction in global risk appetite has caused Borsa Istanbul-listed equities to start the day with a negative divergence, as the index is seen re-testing technical resistances.

Momentum Loss and Ichimoku Signals

■With the opening of the index, the risks of closing below the Ichimoku Cloud have increased.

■The support zone created by short-term moving averages (MA20 and MA50) may struggle to absorb the current selling wave.

■The decline in trading volume raises questions about the sustainability of upward movements.

Risk Management in Investment Decisions

■The technical analyses presented here are based on personal opinions and forecasts and do not constitute investment advisory services.

■It is essential for investors to act in accordance with their financial situations and risk-return profiles.

■Trading strategies based solely on market data should be formed, avoiding speculative comments.

Algorithmic trades based on Fibonacci retracement levels may trigger a pullback towards the index's %38.2 support level. However, as long as a daily close does not come below this level, it is technically premature to say the main trend is broken.