#IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and dropped significantly. The Israeli defense minister also stated that the attacks will continue for a few days, which may further affect the market. However, looking at the technical analyses, the market is painting a different picture.
How?
Before this attack, the market was in a state of excessive buying, requiring a correction to calm its strength and form a swing low, which has already formed, and its strength has also cooled off.
The current market situation from a technical perspective appears to be upward, as its strength has dropped to its lowest level, the Bollinger range volatility is at its highest, and price movement is also extended.
Thus, from a technical standpoint, the market is a good buying option.