DFMGI Technical OverviewPosted on Monday, October 2 2017 at 4:43 am GMT+0000
Bearish reversal taking shape.
A daily Bearish reversal pattern is currently taking shape; previous uptrend has lost strength following the retest of the previous daily top at 3680, and momentum triggers are warning of a return of Bearish sentiment. The short term bias is also clearly tilted to the downside, with momentum being accelerated with the break below 3550 previous intraday support. With both the medium and short term having recently strengthened the prospects for further Bearish implications, all market players shall refrain from accumulating any positions.