iShares MSCI Turkey ETF (TUR) | Massive Inverse H&S Bottom reversal on Monthly Chart 🇹🇷📈
Technical Structure:
Bullish Expectations:
Key Levels:
Volume expansion near breakout levels would further strengthen the bullish case.
This is a high time-frame setup, so patience and confirmation are important. Monthly structures like these can lead to powerful trending moves once momentum kicks in.
If you like my ideas, please follow and share for more trade setups 🚀
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
- The monthly chart of TUR is showing a strong long-term Inverse Head & Shoulders bottom reversal pattern, which could signal the beginning of a major bullish cycle after years of consolidation and downtrend.
- The neckline zone around 43–44 has been tested multiple times and price is now attempting a decisive breakout. What makes this setup interesting is the huge multi-year base formation created between 2018–2026.
- As the saying goes:
“The longer the base, the stronger the breakout and the directional move.”
- Here, the base has taken several years to form, which often leads to explosive moves once resistance is cleared convincingly.
Technical Structure:
- Left Shoulder formed during 2018
- Head created around 2020–2022 lows
- Right Shoulder developing through 2024–2026
- Neckline resistance near 43–44 zone
- Breakout confirmation on sustained monthly close above neckline
Bullish Expectations:
If TUR manages a clean breakout and holds above the neckline, the pattern projection suggests a long-term upside move toward the 100–110 zone based on the head-depth measurement.
Key Levels:
- Breakout Zone: 43–44
- Support: 33 and 27
- Long-Term Target: 100–110
Volume expansion near breakout levels would further strengthen the bullish case.
This is a high time-frame setup, so patience and confirmation are important. Monthly structures like these can lead to powerful trending moves once momentum kicks in.
If you like my ideas, please follow and share for more trade setups 🚀
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
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.
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.