Aseer stock may retrace a little to complete w-4 before continuing its impulse wave. 12.42 is the upper price channel and also a confirmation. It either penetrates right away or retrace to the mid channel 11.36 but not more than that otherwise it cancels the whole analysis.
The stock has retraced to complete W-4 at Fib 0.618 golden ratio. It is on the way to the fifth wave. Watch out for the upcoming resistance. Wave -5 could be a failure so when getting on the target just before that, it may some aggressive selling. Everything I present here is for educational purposes, and it is not a recommendation for selling or buying.
The stock has recently formed a bottom h&S in which neckline has penetrated with decent volume. Wave analysis also suggests that the stock is bullish, please discard the wave counts. I believe we are on the 3rd-w yet not confirmed. Besides, the stock is fundamentally attractive to investors considering low P/E and increased net profits in the last qr. 17.98 is...
The coin is believed to end the corrective trend and getting heated for a reversal only if the rectangle pattern is broken up with decent volume. The penetration or breaking down the pattern is the confirmation of going either way.
Gulf Union Alahlia has a great potential to reverse as it has a great break out of the diamond pattern. Though it has a great weekly close, we still need to move above the confirmation line drawn in chart.
The stock is reversing an important area. Wait for the confirmation for bullish move.
NADEC has just formed a top H&Ss though its neckline is slightly up-slanted which some chartists don't take for consideration. It still follows most of the formation principles such as the spike in volume corresponding head and the shoulders. To sum up my readings which could be wrong sometimes. weaknesses: 1- parabolic move is broken down! see the arrow in...
Tron has formed a triangle that could be seen as an accumulation or maybe a distribution. An answer to this is waiting for a confirmation of price action.
ADABNB will retrace a little to reach its bearish wave target and then will take off to reverse its downtrend. Target are seen as highlighted. It is temporary bearish!
AMD has recently broken out a diamond pattern after reaching a lower point of a down trend.
SUN is moving in a downtrend towards a divergence of price. It looks like it is moving towards the top of the price channel but (I could be wrong) it is going to be pulled back to the demand zone highlighted in purple. A very usual behavior in order for the coin to gain momentum. Once it gets in the zone, it could either reverse smoothly or continues moving down...
The crypto giant Ethereum has started a downtrend since November 2021 and after completing wave 5 of Elliott. An AB-CD target has been hit accurately on June 19, 22 which could be a reversal point target areas near 2378. The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another...
The coin has shown some weakness on a daily time frame. It has formed a top head and shoulders that targets 6.68 and it may go less than that to hit the bottom of the channel at the level of 4ish. After that, I will update on the next coming reversal.
The stock has shown an aggressive selling recently, and could continue to be bearish. However, it could be risky, but I believe a reversal wave is close. Targets as shown in chart. Warning: risk level is high. I recommend Saudi traders to follow the stock.
The Halwani brothers has broken out the pattern but only confirmed by the closing day. If successfully closes above after the bids ended today, we can confirm it’s bullish move.
XRP was on a corrective wave until reached the almost lowest bottom of that continuation down trend wave. It could go further down but I believe there will be a reversal if it happens to breakout the symmetrical triangle. It has formed a triangle that is 15 week-duration which is very typical. Volume is also typical considering the decreasing volume and it will...
There is so much accumulation going on here with the coin XLMUSDT. The upper trend was penetrated but the stock is moving right above. In our case, 0.01164 is our confirmation. make sure it does not break down .0999.
BTC enthusiasts, Here is my modest view of the giant coin. Previously, we noticed that it respected a historical robust support and ultimately bounced reversal times. Now, a reversed symmetrical triangle has been formed in which the upper leg was greatly penetrated with great volume. It broke out and has just hit down the upper leg which can be seen as a...