Tadawul All Share Weekly Index - SAUDI ARABIA 11th April, 2021
As shown the Index is in multi year correction from historical all time high around 20000 mark.
Possible wave count suggests one more leg down to as low as 6000 area may seen. The forthcoming down move may coincide with lower oil price and lower US, Europe and other world stock markets.
Sustain trading above 11000 negates the downtrend scenario.
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