TASI trade ideas
full cycle of tasiTasi completed a full cycle from 1986 to 2006 and then go down for a flat wave we called it W , Then he go up on the X and then down in a triangle.
this correction called double three because it contains a flat wave followed by any three ( abc ) then a triangle
we make from the triangle a and b and c we will go up for d and then down for end e after that tasi will go higher than 20600.
TASI down soonIn short term, TASI is going up and very soon will go down. Then it will continue the long term down trend.
Saudi IndexTasi today gave a nice closing confirming more upside or rather resuming upside after the current small retracement from the recent highs. It also corresponds with FIb retracement levels. Market is ready to move upside and to test the 200 ema very soon. I can predict a J hook pattern which can be very strong up side move. I am bullish on this one. Happy Trading :)
Hit Like & Follow
Saudi Index are we going up Tomorrow?No doubt that its in uptrend and making higher highs and higher lows. It broke the resistance last week and the price have come in retest area and is showing good buying as buyers are ready to grab the prices. From here there is a good chance to bouce upside and make new high and make J hook pattern which is very strong upside. I am surely bullish on this market. Happy Trading :)
Hit Like & Follow
Tadawul retracementslow and steady retracement at the breakout levels. I think more upside coming soon. Many shares in tadawul have given breakout and are coming back for a restest i think more bullish scenario coming ahead. Happy Trading :)
Hit like & Follow
There is high probability that TASI Index will go upThere is high probability that TASI Index will go up.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Tadawul Stuck in a range boxTadawul index is under pressure and in a range after heavy sell off triggered. Its been in this box for a while now and after 2 doji days i think either it should breakup or retrace from here and retest the bottom of the box area. Though still in a range but highly trade able as the range is big and looks juicy. In my opinion it will break up testing the 200 ema soon. Lets wait and watch till thn happy trading :)
Hit Like & Follow
SAUDI ARABIA WEATHER = LARGE & NARROW RANGE -$TASI- 3OMN - IDEAThanks for your like! Please also share to benefit the most! Much appreciated!
_______________________________________________________________
The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately.
Now in a narrow range, we can see that it is framed by a wider range still legit.
Zone 1 and zone 3 are the next possible moves . Lines will be broken probably by a large candlestick or a large gape.
In fact, we have seen the market jumping from one range to another just by using "impulsive gapes".
This market doesn't offer much data , the study of the candlesticks reveals that actual support has been tested several times but not been broken.
If the market goes beyond, this will possibly be a smart entry point for long fall.
In the other side , the actual resistance (narrow range) seems to be less strong and possibility of seeing it broken are also likely as it is a very weak point. This will go in the sense of a consolidation of the price.
Time Cycle- BitcoinBitcoin bottom was easy to expect and it takes the boarding bars and divides them by two showing you the expected bounce date
General index of the Saudi market tasiThe market closed on Tuesday 5 May at value 6710
In bearish sessions, the 6512 point formed technical support for the market
Breaking it Nola targets 6150 levels
TASI to where!!We see a TASI indicator bouncing from the specified demand area, so can we see a rally again !!
#tasi
