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Bearish Setup on United Electronics Co TADAWUL Weekly TimeframeStructure & Market Behavior: The market made a strong bullish move from the green highlighted zone labeled as "unmitigated order flow", pushing up with a clear Break of Structure (BoS) on the left side. A strong rally continued until it peaked (highlighted by the blue dot). After the peak, the price dropped, creating a Lower High (LH) and Lower Low (LL) structure, suggesting a bearish shift. Key Elements Marked: Order Block (OB): A bearish OB is marked on the right side near the current price level (~96.4). This could act as a resistance/supply zone. Equal Highs (EQ_H): Indicating a liquidity pool where market makers may hunt before a reversal. Market Pattern: A minor bullish bounce is expected from current levels before a sharp drop. Forecasted Path: Price might grab liquidity above EQ_H (false bullish move), then reverse sharply downward. Target area: Green zone near 40-50 SAR — previously unmitigated order flow/demand zone. Final projected low is marked around 31.75, which might be an exaggerated worst-case scenario. Conclusion: Your chart suggests that the price is in a distribution phase and likely to experience a major sell-off after a liquidity grab above EQ_H. The long-term bearish bias is supported by: Order block rejection Equal highs as liquidity targets Previous bullish rally needing rebalancing (Fair Value Gap / Order Flow)
TADAWUL:4003Short
by Asif_Brain_Waves
Bitcoin: BTCUSD Extra care at 6300 level over the next few hoursBitcoin: BTCUSD Update Quiet: No Buyers/No sellers, yet So we got the rally from 6300 - the 6312 level has been constantly mentioned recently as a minimum downside target. And it so happens that 6301 is 20% exactly from the high, a text-book retracement. So am thinking that we need to pay it a little more respect next time we visit it, when this little counter rally ends and try to lay out possible scenarios to watch out for that might tell us when the down-wave is finished: it's struggling to move above 6560 as this is written...so not much more upside now, limited at tops by the middle parallel - before it comes off again. Then comes the next big test for Bitcoin: 6300 must hold, creating a loss of downward momentum and a double bottom, with another pin bar on the 1 hour chart, ideally. And then start studding 6300 with pinbar bottoms over the next 3 or 4 hours if things stay pretty dead, like now. Then it needs to make an intermediate double bottom at 6300 in a fews hours' time, when it gets knocked back from the parallel on the first test, most likely. And then, the second, confirming signal will be issued when Bitcoin manages to break back above the upper parallel and to hold up there on the first retest. That would be the confirming sign that selling pressure is finally over - don't think it is but the chart decides this, not me, more's the pity. Long story short: 6300 deserves a little more respect than it's been given in last post. We look for signs of a potential loss of downward momentum there ... but it's still touch and go...the only other way out of this jam is for Bitcoin to hold up off the medium term dynamic on the next decline and start tracking sideways towards the parallel to its right (on chart)...it's possble - still think that any encounters with the centre parallel will be met with rejection - so swing traders are advised to stay short with stops above 6630 - and if we do see a low made at 6300 and then see the upper parallel broken to upside it's time to get long on next pullback towards the same parallel. Don't think this looks over yet, though - and won't unless we price action similar to that just described. Otherwise, stay short for test of the lower parallel once 6300 gives way.
BITSTAMP:BTCUSDShort
by sumastardon
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