Elliott Wave Analysis of EMAR Dubai
12 May 2010
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Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can materialize. So plan your trades accordingly. It is never easy to trade in the middle of a complex correction, but once the current wave ‘c’ of the B wave is finished, we will get a strong recovery towards 5 AED. | |
This is the kind of Middle East markets setup I break down in detail in the impulse and correction chapters of Five Waves to Financial Freedom, the same tools used across every market I trade, including Middle East indices.