As previously explained KSE-100 broke the immediate support and resultantly, it has formed a Bearish Breaker Block at 118,540, it also has given Breakdown of Double Top Formation.
After breakage of the immediate support and Double Top Formation, the Measured Move target for DT Formation below is @116,100. Nearest support at this level is in the form of Bullish Breaker Block lies @115,100.
The index is in BEARISH MODE at LTF/Short Time Frame. The Index is trading below EMA-20 at 1H TF. Today's minor rally was just a Pullback to the Breakdown level.
STRICT ADHERENCE TO STOP LOSSES & OPENING OF SUGGESTED SHORT POSITIONS IS RECOMMENDED.
In wise words of Al-Brook - “THE INDEX AT THE MOMENT IS STILL ALWAYS IN SHORT” on LTF.
After breakage of the immediate support and Double Top Formation, the Measured Move target for DT Formation below is @116,100. Nearest support at this level is in the form of Bullish Breaker Block lies @115,100.
The index is in BEARISH MODE at LTF/Short Time Frame. The Index is trading below EMA-20 at 1H TF. Today's minor rally was just a Pullback to the Breakdown level.
STRICT ADHERENCE TO STOP LOSSES & OPENING OF SUGGESTED SHORT POSITIONS IS RECOMMENDED.
In wise words of Al-Brook - “THE INDEX AT THE MOMENT IS STILL ALWAYS IN SHORT” on LTF.
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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.