Tadawal
A CALL FROM THE SUPPORT TO SEE WHAT TO DO NEXTNormally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back,
THE GREEN TREND LINE CAN ACT AS A MAGNET!
TASI UPDATE! STILL SHORTThe market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
PREPARE TO SELL YOU SHARE THE MARKET MIGH GO TO 74.54We have a strong indications that the market will go down :
1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance,
2.The Fibonacci give us the level of 75% as a strong resistance too,
3.The respect of the red trend line and the market need to go back to the channel,
Summary:
The market needs to go back the the level of 61§ of the Fibonacci retracement, and then we may have a good buy configuration, with all the past indications it's very hard to tell that the market will go up furthermore,
TASI WILL RETURN TO THE SIDEWAY PROFILE! ENTER SHORT!!The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
WE ARE IN A LEVEL OF STAND BY POSITION, WAIT FOR THE NEXT VOLUMEPlease share with me your thoughts,
wait for the right moment to decide wisely,
Kind regards