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TASI

Bull Trap Ahead!! Max pain incoming...In trading, a bull trap is a situation where a trader (beginner) buys an asset believing its price will continue to rise, only to see it fall sharply soon after. If you inspect the SPX chart by yourself, you'll see: 1- lack of increasing volume 2- absence of momentum 3- lack of definite/sufficient trend break 4- retesting of resistance level (Major downward trendline) 5- sus bullish candlesticks 6- last but not the least, the VIX is at the zone where the market always reverse to the downside. This is just a prime short entry in my opinion. Overall, the macro market conditions still didn't improve that much. Ofc there is a chance it breaks up, however, the odds of this being a bull trap is wayyy more likely. Don't FOMO into anything and have a bi-directional outlook on the chart; inverting the chart might help. Protect your capital and lessen your position sizes until further confirmation. Take care
TVC:VIXShort
by Cough5yrup
1
TASI (Macro View)TASI on monthly/weekly time frame shows a huge potential Ranging in Triangle with Breakout in Early 2021, price is about to retest for further upward movement Confluencing with fundamental potentials of Vision 2030. Government focus on Vision 2030 generates a wide range of economic reforms, creating new business opportunities, driving economic growth and diversification. Private investment plays an essential role in realizing Vision 2030. Saudi Arabia aims to achieve 40% to 65% increase in private sector contribution to GDP 0.7% to 5.7% increase in FDI’s contribution to GDP by 2030
TADAWUL:TASILong
by YASIRWA