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Dubai Index Slumps: Head and Shoulders Signal Major Drop Ahead
Naranj Capital Research Desk
April 6, 2025
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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