DFM Waiting for news?
Another red doji candle for the day, its 3rd day the market is at the same place and not making any moves. As i mentioned in my previous idea its at the crucial zone its a support area. The market is little weak as of todays closing as its almost crossed the trendline BUT not confirmed yet!. My analysis say the market is at support as of now and we witnessed buyers coming in the moment market went lower to 2074 level. I am still bullish it can go up from here but if it fails the second scenario is the market can come down 2050 which is the low of the current swing high, and thn 2030 level. Once the market is below 2050 the sentiments will be bearish for sure. The more the market stays in the current area 2075 to 2085, the more it accumulates hence bigger the move on either of the sides.I am still bullish and expect market to go up.
Hit like & follow :)
Hit like & follow :)
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