Morning Star formation on Daily TF.
Monthly Closing above 29 would be a Positive Sign.
However, 28 - 29 can be a Good Support Zone.
28.50 should not be broken, otherwise further
Selling Pressure can be witnessed.
On the flip side, 32 - 32.50 is an Important Resistance.
However, only Morning Star formation is not enough, because
it is currently at Strong Resistance around 32 - 32.5, so
let it sustain this level.
Sustaining this level may give 2-4 riyals gain.
Monthly Closing above 29 would be a Positive Sign.
However, 28 - 29 can be a Good Support Zone.
28.50 should not be broken, otherwise further
Selling Pressure can be witnessed.
On the flip side, 32 - 32.50 is an Important Resistance.
However, only Morning Star formation is not enough, because
it is currently at Strong Resistance around 32 - 32.5, so
let it sustain this level.
Sustaining this level may give 2-4 riyals gain.
MM - House of Technicals
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.
MM - House of Technicals
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.