Tadawul All Share Index (TADAWUL:TASI) 1) In the day chart we noticed that the Tadawul All Share Index has formed a head and shoulder pattern from April 2023 - September 2023 and a obvious neckline breakout marks the end of the H&S pattern. 2) At the end of H&S pattern we noticed a big red candle closed at 50% into the body of the previous green candle....
Hey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
Hey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice.
There is no doubt that TASI is in a strong bull trend but we also know that market cannot just keep moving in 1 direction there is always a correction phase. Market as of now is over heated and need some healthy correction I think it will respect the support which coincides with the long term trendline. Overall surely TASI is a bullish market!! Hit like & follow guys ;)
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...