Gulf Market Slowdown: Saudi and UAE Indexes Consolidate, Limiting Opportunities

Tadawul All Share Index (TASI)

Daily Chart

• Deep consolidation on daily chart.
• Bearish Pole & Flag pattern formed.

Hourly Chart

• Symmetrical Triangle breakdown.
• Immediate support: 11,750

Dubai Financial Market General Index (DFMGI)

Daily Chart

• Index is approaching immediate resistance
• No clear opportunities until resistance breach

Hourly Chart

• Consolidating within Symmetrical Triangle.
• Breakout possible on either side