#IsraelIranConflict

#IsraelIranConflict Market News and Concerns

Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped significantly. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further impact the market. However, looking at the technical analyses, the market paints a different picture.

How?

Before this attack, the market was in an overbought condition, requiring a correction to calm its strength and form a swing low, which has already occurred, and its strength has also calmed down.

The current technical situation of the market appears to be bullish, as its strength has dropped to its lowest level, and the Bollinger band volatility is at its highest, while the price movement is also extended.

Therefore, technically, the market is a good buying option.