ADX formed a nice Inverted head and shoulders pattern on the 30 minutes timeframe, confirmed by volume. Many UAE stocks appear to be forming similar patterns. This could be the sign we have been waiting for, that we have reached the bottom of this correction. Will we breakout the neckline and begin our 'long' journey? I hope so!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.