#bobet is showing a promising pattern. Historically, the 200-day SMA has acted as strong dynamic support and resistance — and it's being respected again.
Recently, #bobet broke above the 200-day SMA. Before that, a clear double bottom formation appeared — a classic and powerful reversal pattern.
Now, only one major barrier remains: the confluence of key horizontal resistance and the top of the descending channel.
Watch trading volume — we've seen a noticeable spike in recent weeks, which adds weight to the move.
Everything seems set for a new bullish trend.
What we need now is a clean breakout above 25 TRY, a healthy general market, and a well-defined stop-loss. That’s it.
Recently, #bobet broke above the 200-day SMA. Before that, a clear double bottom formation appeared — a classic and powerful reversal pattern.
Now, only one major barrier remains: the confluence of key horizontal resistance and the top of the descending channel.
Watch trading volume — we've seen a noticeable spike in recent weeks, which adds weight to the move.
Everything seems set for a new bullish trend.
What we need now is a clean breakout above 25 TRY, a healthy general market, and a well-defined stop-loss. That’s it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.