Harbs

Saudi Re - 8200 We should be expecting a new low = Scenario No1

Short
TADAWUL:8200   SAUDI REINSURANCE CO
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 the moment it hits lower price zones than 5.30 Saudi Riyal. If this price or new low was not achieved, then we might be looking at the second scenario, which we are in wave 2! I will explain it in another post.

Happy Trading
Harbs

Harbs

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