4050Welcome, dear ambitious people, we are all looking for money, but there are some people who cannot know the direction of the arrow, so I offer you this golden opportunity that cannot be missed, and thank you.
cup and handle for fibcowe got a perfect confermation for the cup and the handle got a nice chanel we just gonna need to wait for the confirmation trend
4141A consolidation range, also known as a trading range, refers to a period in the financial markets when the price of an asset moves within a defined range, showing little overall direction. During consolidation, the price fluctuates between a well-defined upper resistance level and a lower support level. This phase occurs after a trend and typically precedes a breakout in either direction, signaling the continuation or reversal of the prior trend.
Characteristics of a Consolidation Range
1. **Sideways Movement**: Prices move horizontally within a specific range rather than trending upwards or downwards.
2. **Boundaries**: The range is defined by a resistance level (upper boundary) and a support level (lower boundary).
3. **Decreasing Volume**: Trading volume often decreases during consolidation as the market participants wait for a breakout.
4. **Multiple Tests**: Prices may repeatedly test the support and resistance levels without breaking through.
Identifying a Consolidation Range
1. **Support and Resistance Levels**: Identify the horizontal lines where prices consistently bounce off (support) and where prices face difficulty moving past (resistance).
2. **Volume Analysis**: Observe the trading volume, which usually decreases during consolidation.
3. **Pattern Recognition**: Look for common consolidation patterns such as rectangles, flags, or pennants.
2001 reverse area to create a high trend?Hello everyone,
I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46.
Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone.
Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility.
I welcome any inquiries or discussions about this analysis.
Jamjoom
A bearish butterfly is a specific chart pattern used in technical analysis within the realm of Harmonic Trading. This pattern helps traders identify potential reversal points in the price of an asset, typically indicating that the asset's price may reverse from an uptrend to a downtrend.
Key Features of the Bearish Butterfly Pattern
The bearish butterfly pattern consists of five points labeled X, A, B, C, and D. The pattern is formed by four distinct price swings, creating specific Fibonacci retracement and extension levels.
X to A: The initial move up from point X to point A.
A to B: A retracement move down from point A to point B, which is typically 78.6% of the XA leg.
B to C: A move up from point B to point C, which is usually 38.2% to 88.6% of the AB leg.
C to D: The final move down from point C to point D. The CD leg is an extension of the XA leg, and D is often found at 127.2% to 161.8% of the XA leg.
2050: Buy ideaBuy idea on 2050 as you see on the chart because we have the breakout of vwap indicator and also the breakout of the resistance line.
1111: Buy ideaBuy idea on 1111 as you see on the chart because we have the breakout of vwap indicator and the resistance line.
8210: Buy ideaBuy idea on 8210 as you see on the chart because we have the breakout of the vwap indicator and the resistance line.
4013: Sell ideaSell idea on 4013 because after the breakout the vwap indicator we have a pullback on the vwap so it's mean that we would have a hight probability to have a downtrend.
1120: Buy idea: Spring effectOn 1120 we have a very good spring effect on the vwap indicator and this means that we would have a high probability of seeing the market go up.
Continuously in Downtrend but Continuously in Downtrend but
Now Bullish Divergence on Daily TF.
Closing above 27.25 - 27.30 on Monthly basis
would be a Positive sign.
It needs to Cross & Sustain 29 to change
the trend.
Bullish divergence in Saudi FisheriesA bullish divergence is observed in Saudi Fisheries in a daily timeframe. The current downtrend is expected to reverse into an uptrend due to divergence. Another important factor contributing to this is the price level being close to point D i.e. Potential Reversal Zone (PRZ) of the previously formed ABCD pattern. If the last LH is broken, then it will be a confirmation of the reversal and can be a good opportunity to take a long position.
Short Opportunity on SABIC Hello,
We've identified a Fantastic current opportunity to Short SABIC with a high probability According to my analysis on the Monthly chart .
The target is set at 60SAR within a couple of Months.
Ibrouri
1120: Pullback: Sell ideaOn 1120 after the breakout of the vwap indicator as you can see on the chart we have a pullback on the vwap and this means that we have a high probability of seeing the market go down.
2230 - Saudi CHemical CO Short Set upForming Double top pattern with bearish divergence. Have my sell stop / entry at 10.80.
entry - 10.80
stoploss - 11.32
tp-1 - 10.28
tp-2 9.77
#Trading #Technical #Crypto #Stocks #commodities
2222: Buy ideaWe would have a high probability of having an uptrend if and only if the vwap indicator as well as the resistance line is broken forcefully by a large green candle and followed by a large green volume..
1050: Sell ideaOn 1050 we have a pullback on the vwap indicator. This means that we would have a high probability of having a bearish trend.
1180: Sell ideaWe would have a high probability of having a downtrend however if the support line is broken forcefully by a large red candle accompanied by large red volume.
2160 - in progress triangle waveIt is expected that it has finished the c wave and is in the process of targeting the d wave from a triangle...
d-wave is expected to be targeted at 28-29 zones..
The big move on February 2, 2025 for Saudi Aramco 2222By studying the chart of the Aramco stock, the following can be observed:
A green timeline was previously drawn on May 12, and there was an expectation of a reversal at that time.
However, the secondary was put forward, which formed pressure and a qualitative test on the stock, which led to the postponement of the reversal to the accumulation area until September 22.
There is an expectation of breaking the resistance level at 33 Saudi riyals with strong momentum by February 2, 2025, and God knows best.
The chart shows sharp fluctuations in the stock price over the past months, with a general upward trend in the long term.
The technical indicators at the bottom of the chart indicate the presence of positive signals that support the possibility of the continuation of the upward trend of the stock in the future.
In general, it seems that the Aramco stock is currently going through a stage of fluctuation and accumulation, with expectations of a strong bullish breakout during the next year, God willing. But of course, these remain mere analyses and interpretations, and financial markets are characterized by dynamism and unpredictability.
longBullish Divergence on Daily as well as Weekly TF.
If this week closing stays above 130, this would
be a positive sign.
Sustaining 125 will lead it towards further upsideSustaining 125 will lead it towards further
upside. Immediate resistance levels can be
131 and then 137.
On the flip side, 110 - 111 may act as Immediate
Support levels on Weekly basis.
For a ABCD Pattern Trade, let it
Cross & Sustain 148 for a Target of 200.
ADES near breakout ADES near breakout after completing a cup and handle pattern, for observation..... Breaking 20.28 is very positive
