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DDFM Real Estate Index

Dubai Real Estate Index Dead Cat Bounce ?

1 021
DDFMREI Weekly Chart

First low is done, waiting for second low to help define further move.
  1. Index is bouncing from trendline support of 10,600 zone;
  2. Index may touch weekly resistance of 12500-13000 zone;
  3. Value may go down towards double bottom or towards weekly support zone of 8500-7500;
  4. Important fib levels are 13000 & 14500

wasif87
Chart Patternsdead-cat-bounceFibonacci RetracementHarmonic PatternsTrend Analysistrendlineanalysis

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Chart Patternsdead-cat-bounceFibonacci RetracementHarmonic PatternsTrend Analysistrendlineanalysis
wasif87

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.