Double Bottom to be around 29.50 Weekly Support is around 28.70 - 29 that needs to be sustained (in worst case) Initially 30 should be Sustained Stance: May Take Risk with a Stoploss of 28.50 on Closing basis
Though Still Bearish but, Currently at Important Support level Bullish Divergence on Daily TF is also observed Stance: Not a Good Time to Book Loss! Infact average or New entry is Recommended with a Stoploss below 6 on Closing basis
THis Chart for study ICT and I still Learning, Maybe is it right and Maybe it is Wrong. Alsalam 3Alikum, I hope you are fine. This Highlighted many things and the major that is which High Liquidity and Resistance with old ORder Block 16 Apr .... THis Chart for study ICT and I still Learning, Maybe is it right and Maybe it is Wrong.
Saudi Arabian Mining Co. (1211) is currently forming a pattern of higher highs and higher lows. It's presently positioned at a higher low, making it an opportune moment to enter the market at 51.8. There's potential to ride this trend until it reaches 57.
Saudi Aramco Base Oil Company is trading within a potential broadening wedge formation, with both the lower and upper ascending trendlines supporting the price. The immediate support zone represents an optimal buying area before the price advances towards the targeted 180 level. Short term approach can be consider initially around 152-153 and secondary approach...
Bearish reversal pattern in Tanmiah (Tadawul 2281) observed with a double top pattern visible favorible for shorting.
Bearish on Shorter TF but making an Ascending Triangle Formation possible supports can be around 11.30 - 11.70 Stoploss should be 9.90 (on closing basis)
there is a potential reversal expected around these prices.. I am in :) for investors you may start collecting until 137.
ZAMIL shares have been reaching higher peaks, while the Commodity Channel Index indicator is showing diminishing highs, indicating a bearish divergence pattern on the weekly timeframe. This pattern suggests the beginning of a downward trend. Confirmation of this trend would occur if the price breaks below the support level of 23.70 SAR. Conversely, if the price...
TASI form H&SH Pattern , and close at Nick line But there is cluster of support in current area , so there is potential to Pattern Fail and Market continue up trend , first need to close above and breakout the descending Trend line (mention in chart) then get higher than Right Shoulder @ 12800 in case of confirm close under 12850 it will activate pattern...
Now should Cross 61 to continue this uptrend Next resistance would be then around 72 - 73 initially On the flip side, 53.50 - 54 may act as a Strong Support Entry can be taken with a Stoploss of 49 on Closing basis
Bearish Divergence on Daily TF but Bullish However, Bullish Engulfer is expected On Weekly basis if Closes above 111.50 Making HH HL on Daily TF 111 - 112 can be a Good Support area to take Risk if we can see few Bullish Candles at this level 100 can be the Stoploss level on Closing Basis
Though Bullish on All Time Frames, Bearish Divergence on Monthly TF + Double Bottom around 57 - 58 are favoring Bears However, Bullish Momentum will Only be Continued if 58 - 59 is Sustained
Strong Support is around 4.60 - 5 Closing above this level would be a positive sign
Entry can be taken with a Stoploss of 137 on Closing basis However, Closing above 139.60 - 140 is a Positive Sign 144 is a Very Strong Resistance Risk Averse Players may wait to Cross & Sustain 144; Next Important Resistance is around 147
May Take Support around 216 - 217 However, Bearish Divergence on Weekly TF weakens its Entry here Those who Understand Technical Moves, please note that, Initially 224 - 225 should be Crossed & Sustained for Immediate Target around 234 - 235 Stoploss should be 198 on Closing basis
However, Closing above 19 can be a positive sign 19.40 - 19.50 is the Initial Resistance Sustaining this level will lead it to 21 - 22. Next Strong Resistance will be around 24 - 25
though Not Yet Bullish but Bullish Divergence on Daily TF a perfect 23.60% Support around 12.50 Double Bottom formation is expected at same level around 12.40 - 12.50