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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
TAQA (The Abu Dhabi National Energy Company)ADX:TAQA Probability No.2 A clear impulse wave forming in TAQA. In parallel line extended wave 3 is forming. But I think in extended wave there are also more 5 sub-waves. Meaning double extended wave in wave 3. But it's only possible if wave ➂ is larger than wave ➀. It's complex to understand. Wave 3 is normally extended one. Meaning wave 3 have also 5 sub-waves. here in these already extended one 5 sub-wave 3rd waves can also be again extended one if new wave goes above red highlighted price range.
ADX:TAQALong
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
EAND or E& Long Term AnalysisADX:EAND As I said in my earlier short-term view of EAND Analysis that I think Emirates Telecom Group Company (Etisalat Group) is near at the end of it's bearish trend. It's in final phase. I don't think it will go below 15.50 now. Still have to be careful when take position in this stock. My entry level is 19.58. Which is Higher High level from current structure. Target: - 1) My target for EAND is 23.4 which is 0.236% of peak of wave 5 Ⓥ to bottom of wave Ⓨ. Well, I think it's a high probability target. 2) Otherwise I also think that stock will go near 27 which is 50% retracement of peak of wave 5 Ⓥ to bottom of wave Ⓨ.
ADX:EANDLong
by swaaapnil
1
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