iShares MSCI Turkey ETF (TUR) | Massive Inverse H&S Monthly TFiShares MSCI Turkey ETF (TUR) | Massive Inverse H&S Bottom reversal on Monthly Chart 🇹🇷📈
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.
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⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
Long
