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Dubaistockmarket

Potential Bearish Head & Shoulder PatternDubai Stock Market is at a very crucial support level, if this level breaks to the down side market will slide down to 2300 Levels this will be plan B. If the market holds at this important support level and moves to the upside there are good chances that we may see 2800 levels again. So far the market is very bearish and on a free fall!! We should stay away from the market till we see a confirmed trend to the upside. Hit line & follow guys :)
DFM:DFMGIShort
by stalkstock
Where will it bounce?We can see after making a new high recently its now on a retracement, the question is where will it take a bounce or a U turn from??? Important support levels for the market are 2550 to 2570 and 2440 to 2470. It can take a bounce and resume the uptrend. Now the most important technical support is 2440 if the market closes below this level it will be a begining of a downtrend and it will damage the chart. So in order to stay bullish market should keep trading above 2440 levels. So far its in a uptrend!! Hit like & follow ;)
DFM:DFMGILong
by stalkstock