FWRY: warrior rest ahead of the next level ... 8EGP Breakout the closing of the day was the best part of the trading session. positive sentiments that will lead to crossing the order block; confirmed by chikou span.
The demonstrated concept is based on FVG, Order Block, and Ichimoku Kinko Hyo. The narrative is in Arabic, and channeled toward Arabic speaking trader in CASE. Disclaimer: this is not an investment proposal; if you want to invest consult your investment/wealth manager.
Daily chart, the stock is trading in a rising channel, and is inclined to test the support line (Red), then rebound to the resistance line (blue) Below support, the target is 4.62. Above the support, the target is 7.76 (Crossing at around 6.66 - 6.70)
Gann of fwry target 13 long term stop loss 5.43 short term
The stock is still positive, and another entry point is the latency, two candles on the daily timeframe above 5.91. It will be another buying point, to target from the 6.85 region
FWRY seems to be in the range part during the last 2 days, it needs to stay above 4.95 to be able to go to 5.138 then to 5.38 If you want to learn more about technical analysis and be able to analyse the market conditions, subscribe to my blog link in bio it has alot of tips and tricks about the market
As you have seen the last 2 days, buying power has the hold now . This can be concluded from the 2 engulfing patterns for the last 2D sessions.
This has been a rough week, but their is hope next week to see a possible recovery in the market. The market dojii candle means that buying power is back and may introduce a reversal pattern in the new couple days. Next week will be risky.
THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS As you can see a BOS has occurred which indicates a bullish movement, so as long as the price stays above 6.299 this will ensure bullish.
As you can see the the graph forms an ascending triangle pattern and it has now stabilized above the last support of 6.65. If it continues to go down the second support will be over 6.589. However an ascending triangle may imply bullish so if it continue to stabilize over the 6.589 this is a possible bullish up to the 1st resistance @ 6.85 and 2nd resistance @ 7.25
NEXT MARKET MOVE UP TO 2023 At the bold black line, a major area, At the orange line, a sub area WE CAN UPDATE AFTER BROKEN
you can maybe start thinking to buy FWRY Like and subscribe to know more
Fawry is trading inside down channel we have to break the resistance to become bullish again
Pitch Fork The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for an asset's price. It is created by placing three points at the end of previous trends and then drawing a line from the first point that...
I think we will se dump to fawry share to the end the channel at 5.49 the will be great dip cause it meets 0.618 fib extension to the wave a in the bigger c and 0.618 to the major wave in this correction Targets 26 33 41
fawRY divergence ..BUY BETWEEN 12 TO 13.5 buy fawry between 12 to 13.5 target : 16 stoploss : 12