Hello everyone.
I think Al Rajhi is running in corrective wave (4) and it is mostly FLAT.
Now subwave (A) is finish and it is about to rise again to the target zone (105-110) SR to finish subwave (B).
After that it will make final drop to the target zone (84-86) SR to complete its correction.
Once correction is done, it is expected to go up in wave (5).
Trade Safe.
Good Luck.
I think Al Rajhi is running in corrective wave (4) and it is mostly FLAT.
Now subwave (A) is finish and it is about to rise again to the target zone (105-110) SR to finish subwave (B).
After that it will make final drop to the target zone (84-86) SR to complete its correction.
Once correction is done, it is expected to go up in wave (5).
Trade Safe.
Good Luck.
Note
The Flat wave is still probable
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.