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
Saudi_re
Saudi Re, We should be expecting a wave 3 up Scenario 2Hello Traders,
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
Position Strategy
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price zone higher than 10.04
Happy Trading
Harbs
Saudi Re - 8200 We should be expecting a new low = Scenario No1 Hello Traders,
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
1st Scenario
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short the moment it hits lower price zones than 5.30 Saudi Riyal. If this price or new low was not achieved, then we might be looking at the second scenario, which we are in wave 2! I will explain it in another post.
Happy Trading
Harbs
8200 Saudi_Re Hello All TADAWUL:8200
Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :)
My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
8200. Ola la! We might be looking at Wave 3 developing right nowHello Traders,
Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend!
We should be targeting between 13 to 17 SAR for W3
Happy Trading!