Abu Dhabi Banking and Finance and Investment and finance index

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Daily chart of ADXBF


Daily chart of ADXFS


From the above first chart, ADXBF is possibly trading in a running triangle pattern which is completed and wave v will start surging prices till 11100 levels, this will complete wave iii then it will correct in form of wave iv which can go below 10000 and after that wave v at one higher degree can start, may be at 11700 levels.

In the second chart, a perfect A-B-C pattern is completed which will either open fresh leg up or possbiliy of a complex correction. In both cases chances are high for prices to move up near till 1800.

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Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful.
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9 September 2020 at 13:43
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