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DFM (Dubai Financial Market) DFM:DFM I have posted two scenarios. Probability No 1 (Incomplete WXYXZ Correction) If Stock is in WXYXZ correction, then Stock has completed it's WXYX structure and wave Z is yet to complete. I think to complete wave Z of WXYXZ structure DFM stock has to go down below wave Y which is at 0.499. DFM will take time to complete this wave Z correction maybe a year or two. If stock didn't go below wave Y then it's not a WXYXZ correction It's WXY correction. Probability No 2 (Complete WXY Correction) There is possibility that wave WXY correction is completed and now stock is in impulse move. Wave 1 is completed and right now it's in wave C of wave 2. I think to complete wave 2 stock has to go near Demand Zone which is at 1.04. If stock is in impulse wave then wave 2 will complete soon and wave 3 will start to form. My target for wave 3 is 1.618 reverse retracement of wave 1 which is near 4.63. This are my two probabilities scenario. One has to think and take multiple scenarios to make investment decision because market is risk averse to systematic or unsystematic risk because no one can tell what will happen in future. Always use hedging and arbitrage to manage the risks.
DFM:DFM
by swaaapnil
Dubai Islamic Bank Short Selling OpportunityDFM:DIB 1) DIB is in consolidation for nearly couple years now. It's a clear Triple Three Complex Correction structure. Now it's final wave form of Triple Three Correction which is wave Z. 2) To complete the structure stock price should have to go below wave Y. I think stock will go below wave Y which is 5.10. 3) My target for wave Z is Lower trend line channel. Trade only using Hedging Strategies or Arbitrage Strategies to minimize the risk.
DFM:DIBShort
by swaaapnil
Abu Dhabi Commercial Bank in complex correction.ADX:ADCB I think Abu Dhabi Commercial Bank is near end of it's bearish trend. It's a triple three complex correction. which is wave WXYXZ form and I think it's in wave Z. Abu Dhabi Commercial Bank is near the end of bearish trend and soon stock will start moving up. To complete the triple three complex correction in this stock price has to go below 7.63 which is bottom of wave Y. Target: - 1) Below wave Y which is 7.63 2) Control line or middle line of parallel channel. 3) Orange Bottom Bearish trend line which I joined first point from wave W and second point wave Y.
ADX:ADCBShort
by swaaapnil
Saudi Aramco Long Term ViewTADAWUL:2222 SAUDI ARAMCO clean structure on chart. Extended wave 3 is completed. Now stock is on correction in wave 4 I think stock will take few more weeks to complete the wave 4 correction. Now I think there are more than 2 possibilities. I have shown 2 possibilities in chart. 1) First possibility is that stock is in wave 1 of extended wave 3. Red Arrow is shown on chart is showing that stock will break all time high level. It means that it's in wave 3. 2) Second possibility is shown with green arrow in chart. That stock is in complex correction and it's in wave X. If it's in wave X then labelling will be different which I not shown in chart. I will update regularly if corrections are needed for labeling.
TADAWUL:2222
by swaaapnil
Saudi Basic Industries Corp. can break multi year consolidation TADAWUL:2010 Saudi Basic Industries Corp. can break multiyear consolidation but there are two alternatives this is one possibility which I have shown in charts. In both possibilities SABIC should have to go below 59.5 in spot market to end multiyear consolidated bear trend. Then I think SABIC will be in bull trend. Entry: - 1) If Stock goes below 59.5 then wait and let stock rebound and if stock goes above 85 then start Buying for long term. Target: - 1) If stock goes above ① which is all time high at 252.2 then target will be 399.4. Which is 1.618 reverse retracement of wave ①. 2) 2.618 Reverse retracement of wave ① which is 637.6
TADAWUL:2010
by swaaapnil