KSE100 broke two major supports yesterday and completed its distribution phase which had started in Dec 24
It is technically in bearish phase now, since it has given CHoCH ( change of character to bearish) and made bearish breaker block also. Though market recovered around 4000 points today but it is just a healthy pullback. Market will continue to be bearish till it gives bullish CHoCH by crossing over 1,15,000 level.
It is technically in bearish phase now, since it has given CHoCH ( change of character to bearish) and made bearish breaker block also. Though market recovered around 4000 points today but it is just a healthy pullback. Market will continue to be bearish till it gives bullish CHoCH by crossing over 1,15,000 level.
Disclaimer
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.
Disclaimer
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.