A potential reversal is expected after long bearish journey
Support Zone
Golden Pocket (fib levels)
Triangle Target Completion
High Volumes are observed
Good trade potential with tight SL for high Risk Reward
short term and long term levels are specified.
trail stop loss while price makes HH and HL (bullish dow formation)
H4 : Triangle target is @ 48455. Nevertheless, as mentioned, in my previous D1 post,
it is likely and it is in progress, to see some recovery process which is expected to be
relatively limited.
Indeed, global picture remains heavy and is calling for further downside.
Tenkan-Sen (@ 54355) will be the first resistance level to break ahead of the Mid Bollinger
Band...
![1150: 1150 (ALINMA BANK) [Potential Reversal]](https://s3.tradingview.com/b/bRkmFEQc_mid.png "1150 (ALINMA BANK) [Potential Reversal]")
