Al Shaheer Corp. Ltd. (ASC) — PSXAsset: Al Shaheer Corp. Ltd. (ASC) — PSX
Timeframe Context: Monthly bias is bullish after strong displacement from multi-year accumulation.
Buy Plan
The higher timeframe direction is clearly bullish after price reacted from the major discount zone and created strong displacement to the upside. The target area sits around the previous major high, leaving plenty of room for continuation.
Now, I’ll wait for price to retrace toward the monthly FVG or demand zone marked in the highlighted area. Once price taps into that zone, I’ll shift to the lower timeframe to look for confirmation — ideally a clean dealing range or bullish FVG formation showing that buyers are stepping back in.
Entry will be taken only after confirmation on the lower timeframe, not blindly at the zone. Stop will remain below the lower timeframe structure that confirms the shift. The goal is to ride the move toward the higher timeframe target as long as momentum supports the bias.
If no confirmation appears and price continues dropping, I’ll stay patient and wait for the next valid setup — no forced entries.
