Emaar : Further Downside ?Emaar Properties (P.J.S.C)DFM_DLY:EMAARwish_fundEMAAR 📉 Weekly Chart Signals Further Downside — Is 6.5 the Next Key Level? 👀 The weekly price structure is currently showing continued downside momentum, with price potentially moving toward the 6.5 support zone. However, this is where patience becomes important. 📌 The major Fibonacci retracement levels remain relatively distant on both the upside and downside, meaning the market is currently positioned in a technically uncertain zone without a clear high-conviction entry. 🔍 What I'm Watching 🔻 Bearish momentum: Price continues to show downside pressure on the weekly timeframe. 🎯 Potential downside objective: 6.5 ⚖️ Fibonacci confluence: Key retracement levels remain far from the current price on both sides. 👀 Strategy: Wait and observe how buyers react as price approaches the 6.5 zone. 📊 My View Rather than chasing the current move, I would prefer to wait for price to reach a stronger technical level and monitor buyer reaction. A bullish reversal pattern, strong demand, or clear price action confirmation near the lower levels could provide a more attractive opportunity. Until then, patience remains the trade. 🧘♂️📈 Will buyers step in near 6.5, or does the weekly downtrend have further room to run? Share your view below. ⬇️ #TechnicalAnalysis #TradingView #PriceAction #WeeklyChart #MarketStructure #SupportAndResistance #Fibonacci #FibonacciRetracement #Downtrend #BearishTrend #SwingTrading #TradingIdeas #StockAnalysis #MarketOutlook #TechnicalTrader #PriceActionTrading #DemandZone #Reversal #TradingStrategy #Investing #StockMarket #WiSHFundManagement