TASI TADAWUL 4H ANALYSIS After taken buyside liquidity and retest FVG SIBI and displacement candle we will see a drop of the price to taken sell side
Tasianalyse
Tasi Daily Analysis Here the Tasi daily analysis we have good area for buying opportunity the trend is bullish and the targets are clear to see , Enjoy
🚀 TASI surge 24% in 2023: Decoding the next move in 2024.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. This is a trend reversal sign known as Dark Cloud candles.
3) Since the August 2023 a sharp down trend consist with mostly the red candles. It signifies strong bearish momentum. TASI had fallen from 11933 to 10262, nearly 14% correction in a span of just 12 weeks.
4) We noticed the bullish flag pattern started forming since mid Nov 2023, where two parallel trendlines preceded by a flag pole which clearly indicates strong bull's presence in the index.
5) Dec 2023 onwards TASI started moving straight upward after flag pattern breakout and again forming a bullish flag pattern. Such back to back flag breakouts give prominent signal of long bullish run to be continue.
Happy Trading!
Cheers to this bull run!
TASI has a promising opportunity Dear supporters
I got a lot of request to analyze the Saudi Index TASI, here we are.
most of the stocks now at the accumulations phase and I see a very good investments and trading opportunity.
good luck every one
Almunajem is back on track and its going to 66 SARAs per the chart
the price is going 66 SAR in the upcoming days
tasi road map 2030 road map to tasi the 5th leg will target the the hisorical high a good opportunity to long
TADAWUL ALL SHARES INDEXThe Saudi index is down to the strongest strong demand areas, from which demand will be in case it is not broken down
4240 FAWAZ ALHOKAIR TO 33.85As per the chart:
-the downtrend is clearly broken at 17-Aug
-the price is showing support at 21.82
First target is 27.58 SAR
Second Target is 33.85 SAR
Stop Loss 20.07
Tasi maybe is going upwe recommande to buy Tasi or hold it in your wallet because it may gor far away
TASI - Tadawul broke his Weekly KidjunTadawul broke his Weekly Kidjun, are we going to visit the Monthly Kidjun ?!
I think buyers need a few months vacation ;)
SQEEZE ZONE IDENTIFIED - TOP RANGE BROKEN DOW- TADAWUL TASI 30MN#tadawul #TASI #squeeze #pullback #downtrend
The red line identifies a probable zone of squeeze and pull back. If it is broken down, there is strong probability to see the price going down further.
The blue up trending line and the two other blue horizontal line helps you to get the story for a day trader on the TASI. After a super squeeze, the market price went up and then ranged for a while before losing some power and going under the up trending blue line. Later on we observed the price ranging and going down strongly with a very significant move. Probability of people taking profits all together. I might not be done yet. The rend zone down there is probably a pivot point. Decisions are to take from there.
Waiting for price movement and clear trend would be advantageous.
For the moment we have probability to see the price going down further, ! checkpoint being traced by the red dotted line.
Ranges Identified - See Market Music - #TADAWUL - TASI - WEEKLY#tasi #tadawul #tadawulindex #tadawulcours #tadawulbourse #arabicstock #stock
Do you like music? See how the chart is harmoniously playing.
This #TASI is moving in #ranges, at one moment in one range then strong push to another one.
The blue lines are the next possible #ranges. At the moment the price is at a very critical price. It can pullback to go down or break the resistance to go up.
The orange line is a probable very very strong #support. The market is moving above it at the moment. We have more #probability to see the market going up, but as the market goes away from that line it can come back to it. It is acting like a possible @gravity #center #price line.
Extra blue down trending line have been traced to show you what is the music of this market as those two lines are 100% paralleled. Do you see the same music?
TASI UPDATE!!!The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
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
Expecting TASI on four-hour chartBearish Divergence Pattern
Bearish divergence Gann Square of Nine Box has been used on 4h framework .
there are many scenarios can be expected , but the most important is the point 8354.687 .
it is considered as stop lose .
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
TASI WILL BE IN A CORRECTIVE WAVE! STRONG INDICATION!Please share with me your thoughts,
kind regards,
is TASI in bullish trend?The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
