KSE-100 broke the immediate 1H support which was discussed yesterday. Resultantly, it has formed a Bearish Breaker Block at 118,540.
After breakage of the immediate support, the Measured Move target below is @116,580. Nearest support at this level is in the form of Bullish Breaker Block lies @115,100.
The index has switched to BEARISH MODE at LTF/Short Time Frame. The Index is trading below EMA-20 at 1H TF.
STRICT ADHERENCE TO STOP LOSSES & OPENING OF SUGGESTED SHORT POSITIONS IS RECOMMENDED.
As the famous Al-Brook says - “THE INDEX AT THE MOMENT IS ALWAYS IN SHORT” on LTF.
After breakage of the immediate support, the Measured Move target below is @116,580. Nearest support at this level is in the form of Bullish Breaker Block lies @115,100.
The index has switched to BEARISH MODE at LTF/Short Time Frame. The Index is trading below EMA-20 at 1H TF.
STRICT ADHERENCE TO STOP LOSSES & OPENING OF SUGGESTED SHORT POSITIONS IS RECOMMENDED.
As the famous Al-Brook says - “THE INDEX AT THE MOMENT IS ALWAYS IN SHORT” on LTF.
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.