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DFM General Index (DFMGI) Signals Long Bullish Trend 🚀
Hey Traders!
🌟 Greetings to all traders out there,
The DFM General Index (DFMGI) is currently showing promising signs of a long bullish trend, potentially opening up lucrative opportunities for traders like you.
DFM:DFMGI
Key Insights:
- DFMGI is indicating a strong inclination...
For now dfmgi is under selling pressure, we cannot see a defined trend to the upside. This can be a short recovery dont trust the move for now. Let it make a positive price action to get onboard. Any negative news and market goes crazy. So if you are buying anything quick entry and exit that too with small quantities.
Hit like & follow guys ;)
The Dubai market chart deserves to be taught in technical analysis books...
The market reached a strategic target and was trading in its most dangerous area in 15 years.
The geopolitical situation was just a spark for the drop
Overall Trend
DFMGI is in a strong uptrend, as we see on the chart it have hit the resistance area of 4100 that is psychological and technical resistance. Its been going side ways for about 2 weeks not this is a good indication that bulls are still defending the support zone.
Breakout
Coming week which will be very crucial as more data will be coming out...
I think market index for now is be extended and its due for a healthy correction which is positive for the market, I think it should drop back to the marked area and then spend some time to make its base to go higher around 4000 zone.
Over all DFMGI is very bullish no doubt about it.
Hit like & follow guys ;)
DFM market index is on a strong rally to the upside, however very soon we will see a correction phase its almost near the resistance now. At the same time if it spends some time just near the resistance then there are good chances it can touch 3800 level soon.
Over all DFMGI is very bullish.
Hit like & follow guys;)
DFM market index is under pressure. Last closing is also very tricky, there are good chances it can go down to retest the lower levels. For now we can only consider it to be bullish once we see a solid closing above 3400 zone.
Hit like & follow guys ;)
The UAE stock index.. It is expected to rise to the last small wave to close wave C of a larger model, which is X, including a drop again to the historical bottom in the form of a triple Y.
Market is at a very crucial stage, Fridays closing of dfmgi was very positive and I expect it to go higher from here. From here there is very good chance for the market to cross 3400 resistance areas, but incase if market does not then it can again come down to the marked support level.
Hit like & follow guys ;)
hello freinds
this chart we shows that this market will know an uptrend on next days when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordial
Dubai Financial Market is still bullish and more upside is expected after a small correction. Any dip from now is a buying opportunity(shares) at the same time keep a close watch on FED's statement about its monetary policy which will effect financial markets over the globe.
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