Dubai Financial Market (DFM) – A New Bull Cycle Emerging?# **Dubai Financial Market (DFM) – A New Bull Cycle Emerging? 🚀📈**
If you think that Dubai Stock Market has already had hits moment, think again - the real party is just about to begin!
The Dubai Financial Market (DFM) has historically followed a **clear cyclical pattern**, with **three major market cycles** observed over the past two decades.
- **Cycle 1 (2005-2009)**: A strong bull rally followed by a deep correction.
- **Cycle 2 (2013-2015)**: Another rally that led to a sharp decline.
- **Cycle 3 (2021-2022)**: A similar structure, with a bullish phase and subsequent retracement.
## **Are We Entering Cycle 4? 🔥**
Recent price action suggests a potential **breakout above the long-term downward trendline**, a signal that a new bull cycle **could be starting.**
🚀 **This could be the start of a multi-year bull cycle!** this could signal an excellent buying opportunity.
📊 **What do you think? Are we ready for another Dubai bull market? Let me know in the comments!** 🔥📢
#DFM #DubaiStocks #StockMarket #Trading #Breakout #BullCycle #Investment 🚀
DFM trade ideas
TRADING WITH TIME AND PRICEWe have a primary bear trend that ended the low at 0.501 in 681 weeks
Total points moved = ( 6.91 - 0.501) = 6.409 x 100 = 640.9 pts
Time = 681 weeks
Price = 640.9 pts
The trend from the 0.501 low is our focus where we see a projection of 252 weeks from 22/03/2020 forming a double bottom for a new bull cycle.
On the daily timeframe we have the primary low on 22/03/2020
The first high occurred at 609 days and the correction has since formed two lows at 1086 and 1587 days. From the 609 days point 1597 is a Phi expansion of time. The 1086 time will also form a Phi expansion at 1758 days which coincides with the projected 252 weeks from the primary low. This low will be the take off point for the next bull cycle.
Two conclusions from our projections are
1. Price will decline further to complete the low on the 1.06/0.969 level to complete the first lower degree wave 1
2. Price will advance higher from the low point in a wave 3 fashion advance, all long term entries should be adjusted for a buy and hold for at least 133 weeks from January 2025
Trade safe, good luck
Possible scenario for DFM provided it doesn't close under 1.28There might be possibility that DFM reaches the area near the green line so it can be suitable to take around the green line @1.30 or lower and sell them if the price reaches 1.34 .
The scenario fails once the price closes below the (stop loss) red line 1.28
No Bull PowerIt could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock.
Hit like & follow guys ;)
35% upside in DFMThe share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse.
The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths.
Note*- this post is for educational purpose only
Still TryingDFM is been slow lately, I was expecting DFM would be the best performer because the market got many IPOs and DFM will directly benefit from it. But to my surprise it still below 2.0 I guess its under performing. This stock should de above 5 after so many new listings in the market, also the turnover & volume of the market have significantly increased which is positive for DFM.
Hit Like & follow guys ;)
DFM is holding up well above moving averagesDFM:DFM despite being a choppy stock recently, the stock is holding up well above 50 and 200 SMA and a golden cross is about to happen, it also about to break out above a downtrend which is holding the stock since august 2022. Long now with stop loss daily close below 1.45 AED or to be on the safe side long the break out of 1.55 AED level with the same stop. Anticipated price is shown on the chart.
This is only my own view and not a financial advice, do your own analysis before buying or selling, Happy Trading!
DFM Bearish trendDFM has been in a bear trend since April 2022
Currently if we assume that the bottom was 1.12 levels then according to fib golden pocket it will not be a Bullish reversal confirmation until it hits back 2.11 levels
At the moment this bearish channel drawn also needs to be broken to make an assumption that yes now its making new Highs to come out of the bear trend channel
it looks bearish going to test levels of 1.22 / 1.18 if it breaks then lower to 1.05
too many new companies listed and cash flow is being lost in action and too many companies with high prices and withdrawing cash to them
salik / dewa/ unioncoop and the upcoming listing will casue more cash shortage for the short term awaiting for the 3rd quarter results
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At crucial support levelits been under pressure for the last 4 days after making a big move to the upside. Its now at a important support level we want to see buying pressure to confirm the support level with good volumes. If this happens and we see a candle close above 2.75 W pattern will be activated and most likely this time it will cross 3. For now its in a no trading zone lets wait for a proper setup!!
hit like & follow guys ; )
More is coming HoldonDFM have shown us solid buying pressure right near the support zone, this is what we have been waiting for since the correction started. Todays gap up was first indication that it can fly although i was not expecting this big move but yes i was expecting some positive reaction into the support zone. More IPOs are coming up DFM will benefit the most so its a very good stock to keep it in our portfolios for long term investment. Recommended!!
Hit like & follow guys ;)
Good To Fly AgainMost likely we can see another rally to the upside its at a good support level a good buying pressure will add another confirmation to our trade idea. For now 20 day moving average is acting as support also golden ration of FIb level is giving us a go ahead. Time to STALK this STOCK very closely.
Hit like & follow guys ;)
Bullish MomentumGood price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70
Hit like & follow guys ;)
Again In a Boring RangeWhen a bullish stocks gets stuck in a range its get so boring. For now its in a no trading zone 100 day ema is holding but with thin volumes. We will see some good momentum once the range is broken to the upside that is 2.40 till then just keep it in your STALKING LIST.
Hit like & follow guys ;)