Dubai Index Slumps: Head and Shoulders Signal Major Drop Ahead

    • The DFM Index has faced significant resistance at the previous high near the 5,300 and is currently trending downward.
    • A Head and Shoulder pattern has formed on the daily chart, indicating bearish market sentiment.
    • Following the recent breakout below the neckline, the index is experiencing a sharp decline.
    • If selling pressure intensifies, the index may retract to the 4,300 level, representing a 13% drop from the current levels.
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