Yet, looks a big jump up is comin to 550.
Hello Traders, The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming. Position Strategy When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price...
Hello Traders :) Previously we managed to get an amazing short and we believe the TREND of FTNT NASDAQ:FTNT is still going-down we wrote two ideas and this is our third idea about the company!!! Below is the history... In our first idea and position, I managed a short from 92$ and reached a 68$ achieving 35% gain.. (please check the idea below) ...
Hello there As the title of my idea indicates; I am going to place a short position on 2 weeks timeframe on the S&P SP:SPX The main reasons for this action: 1- Divergence between wave 3 and 5. 2- Bullish Candle in 1 & 2 weeks divergency As of when to short; please refer to the below screenshot Happy Trading Everyone ;)
Hello Traders :) All the indications I see in AMEX:BPMX tell me that this could be the reversal point. This is one of the moments where we can always decide easily! which trend to take! So here is our strategy :) Strategy Aim for a long position for the following reasons!!! 1- Divergence exists in weekly time-frame all the way since 2016! 2- A bullish...
Hello Traders when I wrote the previous idea about BTC below on 01 Dec 2018 , I received a lot of negative comments, guess what!!!! we are reaching the 22,000 USD and for sure we will go over 22,000 USD. Please check this idea below. A major resistant line price here is 11,788 USD not 10,000 USD, by reaching beyond this price, we can become...
Hello Traders, If you refer back to my previous analysis about NASDAQ:FTNT , then we are having a strong position from 92 USD and we are still holding our position. As explained in the chart, we will only close our position and go long if the price higher than 79 USD. We wait and watch :) Happy Trading :)
Hello Traders; As you can read from my chart, we might be at the end of Wave 2 and possible wave 3 starts; placing a buy stop on 8.06 SAR with loss top on 7.78 SAR. Wave 3 is only confirmed when a new high is achieved :) Happy freaking trading :)
Hi Traders :) I am placing a short position NASDAQ:FTNT for the following ; 1- A bullish Bar (2D timeframe) 2- Momentum divergence between W3 & W5 3- I can count 5 waves Loss stop is 97$ Best of luck :)))
Hello Traders, When frustration exists in market, it means a good opportunity to buy. I was able to count a complete ABCDE correct ion down BITFINEX:BTCUSD ... you can see that there is a strong Bullish BAR in a 4 days time frame, it is clearly an indication of market reversal to the other direction. Where are we from the Wave Count? When we look at...
Hello Traders, Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far 1st Scenario Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short...
Traders, We have been waiting since a long time the awakening of BITFINEX:BTGUSD and this could be the end of the hibernation. All factors have been met as of this moment in a 2 day timeframe including: 1- Clear long ABC correction. 2- Bullish bar. 3- Divergent in the momentum. 4- A new low was achieved and it did not go lower. At the same time, we are...
We believe that TADAWUL:3002 is witnessing an end to the correction of the 2nd wave, we should face a strong impulsive wave! If we are right, then our entry should be at 9.30 with a loss stop of 9.14 Happy Trading!
Hello All, Tadawul declared that the Saudi Market requires more listed Reit Companies in Saudi Arabia TADAWUL:TRTI , and they justify that there is a need and more demand from investors. It has been one year so far and we do not see such demand from an Elliot wave principle, which makes us produce two theories of Elliot Wave 1- We are facing a temporary...
Hello All TADAWUL:8200 Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :) My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
Hello Traders, Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend! We should be targeting between 13 to 17 SAR...
Hello Traders :) Now, it is a matter what price it will be hit first :) so we have two options: 1- Price hits 10.24, definitely go long and buy big time :) 2- Price hits 9.79, defintly go short and sell big time :) There are no buts, the rule is clear :) Happy Trading :)
Hello Traders :) TADAWUL:2280 it has been crazy, it was in a beautiful trend up, heavily corrected and retraced 61%! we believe it is the end of correction of W4 and we should expect W5 to come up soon. We target between 75 to 95 SAR :) Happy Trading