Title: FADGI Index: Sideways Movement After Downfall Greetings, Fellow Traders! 🌟 Hello everyone, The FADGI Index is currently experiencing a phase of sideways movement following a recent downfall, signaling a potential shift in market dynamics. ADX:FADGI Key Observations: - The FADGI Index has entered a period of consolidation after a downward...
Abu Dhabi Market broke the neckline in the negative slanting head and shoulders pattern...then confirmed it by breaking the neckline of the negative Adam and Eve pattern. The lower targets are activated, but usually, and from my experience, prices do not go directly to them.. In 80-90% of cases, there is a temporary rebound either to the closest resistance or, at...
Abu Dhabi Securities Exchange is at crucial support area, it have broken the trend line which is a sign of weakness but still the up trend is intact. We need more bulls to get activated at current levels to push the market index higher. Scenario One Either market can retrace 50% of Fib level to see a rejection and come down to make lower low, this will...
After a long Bear trend from Nov 22 , Finally ADX has broken the bear trend and has started its Bullish movement. Its a great time to take entries
Surprisingly ADX stocks are not performing well for the last 2 months or so. Market can come down to retest the support level again that is around 9800. Burjeel will also be added to the index, its getting listed tomorrow so expect so high volumes. All the best to Burjeel Holdings. Hit like and follow guys ;)
Over all market index is looking very promising and more upside is expected. Bulls are in the house!!! ! Hit like & follow guys ;)