TASI.....H= Analysis of the Saudi general index, based on the hourly chart
= The analysis is based on the school of classical analysis
= Form an inflection triangle
= breaching the level of 11486.108 pushes the stock to reach the level of 11529.540
= A breach of the level of 11529.540 pushes the price to 11694.359
TASI trade ideas
TASI follow up 22 Aughello there ....
TASI now in undecided status we need TASI to show up some strength otherwise any break or 1 will give a chance to move to the next area No.2 if break the will give a chance to move to No.3 box where we found cluster of Fib in large and small time fames.
this just to share what i have learned and need your assessment and comment to further my knowledge.
TASI ALsalam 3alikom, I hope you are fine!
Study the TASI graph, which depicts weekly for all SAUDI stocks. When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.5 OTE Fibonacci. The minute details are those points in the graph where change occurs, which back and respect the order block and 0.5 OTE Fibonacci, which describe the rising wedge pattern.
On overall I would waiting the line to the 0.62 and respect the Weekly - Fair Value Gap (FVG) to Entry and my profit which the old order block on 0.62 Fibo
Vocabulary:
- A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
- OTE refers to an order that is placed by a trader with the intention of executing a trade at a specific price. In other words, it is an instruction to a broker to execute a trade at a predetermined price level.
TASI"No liquidity sweep, no entry. Market structures can change at any time. Every candle contains liquidity. Price always requires liquidity. The direction of price movement is unpredictable. Hello traders, here is the analysis. If you find my analysis helpful, please hit the like button and consider following. Thank you.
Concept of Smart Money: Identify liquidity or become liquidity.
DISCLAIMER: This content does not constitute financial advice."
TASIThe Saudi Stock Exchange has not gone up a real rise since the bottom of 2008, and throughout this period it is moving horizontally and faced a drainage area 4 times and could not break it, and it must return again to the demand area to collect and rise strongly and make a new peak equivalent to the rise that took place from the period 2000 to the period 2006
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
🔴 TASI 🔴NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
Task......4h= Analysis of the Saudi general index, the Tasi
= The analysis is based on technical analysis of the trend and price channels.
= The price crossed an ascending channel
= It is expected to reach the level of 11398.667, and when it reaches this level, it will make a correction or a horizontal path, and when it breaks it, it will go down to touch the level of 11032.137
TASI SHORT TERM LOOKS GOODLast week, TASI hold important level at 9950 which have been a solid support for it.
As I mentioned before TASI in a minor correction (ABC) after a great rally after corona bottom. Now, almost finished the first leg (A) which formed as (W-X-Y-XX-Z)
I think that TASI will pullback up as (B) will be a quick (ABC) targeting at least 11400 to 11800.
31May is an important date for TASI
(this is not a financial advice)
TASI to make slight correction and then uptrendTASI
Saudi Tadawul Index
On the daily chart, having a resistance level as technical indicator RSI is being overbought, and applying Fibonacci retracement, the index is likely to correct either 23% (11550) or 38% (11460), then rebound.
The next up wave will be begin after crossing up 11750, to target 12100
Note: The weekly and monthly charts are showing positive up potential.