Since the Israeli attack on Iran, the market has experienced a strong shock and has fallen sharply. 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 analysis, 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 been established, and its strength has also calmed down.

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

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