DFM (Dubai Financial Market)

2 พ.ย. 2023

DFM
I have posted two scenarios.

Probability No 1 (Incomplete WXYXZ Correction)
If Stock is in WXYXZ correction, then Stock has completed it's WXYX structure and wave Z is yet to complete. I think to complete wave Z of WXYXZ structure DFM stock has to go down below wave Y which is at 0.499. DFM will take time to complete this wave Z correction maybe a year or two.
If stock didn't go below wave Y then it's not a WXYXZ correction It's WXY correction.


Probability No 2 (Complete WXY Correction)
There is possibility that wave WXY correction is completed and now stock is in impulse move. Wave 1 is completed and right now it's in wave C of wave 2. I think to complete wave 2 stock has to go near Demand Zone which is at 1.04. If stock is in impulse wave then wave 2 will complete soon and wave 3 will start to form. My target for wave 3 is 1.618 reverse retracement of wave 1 which is near 4.63.

This are my two probabilities scenario. One has to think and take multiple scenarios to make investment decision because market is risk averse to systematic or unsystematic risk because no one can tell what will happen in future.

Always use hedging and arbitrage to manage the risks.