FADGI Index: Sideways Movement After Downfall
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 FA
Abu Dhabi MarketAbu 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, th
Make Or Brake!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
Under PressureSurprisingly 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 fol
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.