#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 could 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 an overbought condition, which required a correction to calm its strength and form a swing low, which has already formed, and its strength has also eased.

The current market situation appears to be bullish from a technical standpoint, as its strength has dropped to its lowest level, and the Bollinger range volatility is at its highest levels, with price movement also extended.

Therefore, from a technical perspective, the market is a good buying option.