KSE100 Daily Time Frame
Has touched and taken support on the Conversion Line. Base Line is descending, and a crossover may take place with Base Line, which will confirm downward movement. Lagging Line has breached the Price Line and the Conversion Line and if it penetrates the Base Line, it will strengthen the notion that Market is towards the Selling / downside side. Price which had initially taken support on Span A, has now entered it again. If the Market continues downwards, its next expected stop will be the EMA 44, which is just above the S1.
Further more, while analyzing the MTF, KSE100 is Bullish on the HTF, but is Bearish on H4 and lower Time Frames. Please bear in mind the fact that the Analysis has been done on the basis of Ichimoku
Further more, while analyzing the MTF, KSE100 is Bullish on the HTF, but is Bearish on H4 and lower Time Frames. Please bear in mind the fact that the Analysis has been done on the basis of Ichimoku
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