Saudi
USDWTI H4 - Long SetupUSDWTI H4
A break short of $70/barrel would be quite significant in my eyes, threatening the break as we speak, but need to ideally see a solid H4 close below. Our H4 support region is trading marginally below that $70 whole number, but the 'zone' is still a decent support region.
Just need to wait for price exhaustion, especially with a volatile pair like WTI. Not personally something I'm looking to trade this early on in the week, but worth updating the watchlist from yesterdays webinar.
Tadawul All Share Index - Weekly - Saudi Stock Market IndexTadawul 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.
1211: Geometric Chart Analysis for MAADEN (with targets)TADAWUL:1211
The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!
BTC analyse 24.01.221- 24.03.2021hello dear traders its been along time, as we see BTC had made a very massive bullish trade last months, but after hat directly BITC LOSES about 20% of its value, but why ? we all know why, but what its more important is net step of BTC :)
AS we see we will have one of those scenario A or B , but both of them they have same end which is to reach +46000e,
as possibilities gives 65% that we will have a massive bullish trade, and in my opinion will be the history chance.
the entry point will be in 21000e, but we have to wait if price goes down more.
and if price didnt goes down more so entry will be in 27000e
Oil running out of steam...A difficult call here after clearing OPEC manoeuvre. Of course the supply sacrifice was possible, but the shallow support is now completely cooked in the price. For those tracking the full OPEC moves:
Of course buyers won the highs and we made some decent gains from the latest taking of the latent 46 highs. But as this price action is showing, we have to deal with profit taking and further lockdowns coming for California and etc will not help. The theory of a revisit of $41 / $40 will cast light on the extended lockdowns, covid chapter (3) and an eventual flood on supply side one more time.
In the long term, we are back to the previous breakdown that we traded last Winter.
The macro retrace is almost over and as sellers start to form a high, it appears that late buyers are exposed and are likely to be sent backwards. The highs did not hold, to confirm the break up was rotten we need to get back below $45.
Thanks as usual for keeping the feedback coming 👍 or 👎
Tihama Update - Buy & Follow the Fibonacci Levels-For Tihama the good thing to do is to follow the Fibonacci extension to well measure the extension of the current bullish move, so normally we should close at the level 63,09 or 64,64 and you can see that it match up perfectly with the resistances, but what is more logical in my opinion is to close at 63,09? SO STAY IN YOUR POSITION
AGAIN TREND IS YOUR FRIEND After analyzing this bullish move we can state that the market really want to continue the uptrend and we are will supported also with the volume
I think that we can enter in the market, we can expect that the market will go up until the test of the red resistance trend line