Gulf Insurance Group - Tadawul (Weekly Timeframe):

39
Trade Idea: Demand Zone Reversal Play
Market Structure: Price has broken the ascending trendline and entered a bearish order block (marked in red). A short-term bearish move is expected.
Expected Move: Price may drop toward the Demand Zone (21.70–23.28) before a potential bullish reversal.
Key Levels:
📉 Support (Demand Zone): 21.70–23.28
📈 Potential Upside Target: 27.00 (first target), continuation possible if momentum builds
Narrative:
After the breakdown from the Order Block and trendline, price is likely to test the strong demand zone.
If the price respects the demand zone, a bullish reversal is anticipated, with the first target around 27.00.
This setup can offer a great buying opportunity with a favorable risk-reward ratio.
💡 Trade Plan Summary:
Wait for bullish price action (confirmation candle) near demand zone
Enter Buy near 23.00–22.00
Target: 27.00+
Stop Loss: Below 21.50 (below demand zone invalidation)

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