Tasi date of 16/10 is crucial for the current wave
Support and resistance levels are critical elements in guiding market trends, and in the TASI index, they play a vital role. The level of 10955 is considered primary and significant daily support, and closing below it represents a sensitive trading zone. On the other hand, 10522 is a major support level that requires careful monitoring, as it could potentially serve as a turning point for the price pattern if it successfully tests this resistance.
If the region around 10412 is breached and there's a weekly or monthly close below this level, it could signal that the market has entered a risky zone, potentially leading to further downward movement. Therefore, it's essential to closely monitor this level.
Finally, the date of 16/10 is crucial for the current wave, as it may bring significant developments to the market. It is advisable to ensure that this date is marked on the economic calendar and included in technical analysis to track important events that could impact financial markets.
If the region around 10412 is breached and there's a weekly or monthly close below this level, it could signal that the market has entered a risky zone, potentially leading to further downward movement. Therefore, it's essential to closely monitor this level.
Finally, the date of 16/10 is crucial for the current wave, as it may bring significant developments to the market. It is advisable to ensure that this date is marked on the economic calendar and included in technical analysis to track important events that could impact financial markets.
Emad Alwan
