ADX ready for take off?FTSE ADX General IndexADX:FADGIDuneSignals📈 Current Price & Volume • The index closed most recently around 9,981.5 AED—near its 52‑week high of 10,000.87 AED • Today’s trading volume was unusually strong—roughly triple the 3‑month average—which often signals a potential trend shift (). ⸻ 🔍 Technical Summary (Investing.com) • Overall stance: Strong Buy across daily, weekly, and monthly timeframes . • Oscillators (RSI, MACD, ADX) are bullish: • RSI at ~68 indicating bullish momentum (just below overbought) • ADX trend strength at ~36  • Moving Averages: All key averages (5, 10, 20, 50, 100, 200) show Buy signals . ⸻ 📊 Chart Pattern Insights • TradingView commentary suggests a breakout from a falling wedge—a bullish reversal pattern. • The index has moved into a confirmation phase, consolidating near all-time highs before the next leg up (). ⸻ ⚙️ Support & Resistance Levels • Resistance: Around pivot zone of 10,001–10,021 AED (R1–R2 from pivot points) . • Support: Established near the 9,800 AED range, close to prior breakout point. ⸻ 🧭 Summary of Technical Trend • Strong uptrend momentum, validated by multi-timeframe buy signals. • Fresh breakout from wedge pattern suggests further upside potential. • Elevated volume supports sustainability of this rally. ⸻ ➤ NOTES: • Bullish Momentum: Strong buy signals across oscillators and moving averages; trend strength confirmed by ADX. • Pattern Breakout: Completion and breakout above falling wedge indicates reversal into bullish phase. • Support Surround: Healthy volume and solid support around 9,800 AED reduce short-term downside risk. ⸻ 🗂️ Tactical Setup • Entry: On a clean break above 10,021 AED (R2 pivot) with sustained volume. • Target: Next resistance zone near 10,200–10,300 AED. • Stop-loss: Below 9,800 AED support area.