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