we still at Up trend
red line is essential to trade below if we are planning to exit the market
the Up trend must keep the trading up the blue line in order to continue the up trend
We have golden cross of 50&200MA
currently its trading at the bottom of uptrend channel
and the stop loss is close
RSI above 50
good luck
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The price attempt to break the previous support level and bounce from it to the trend line while continuing with the trend line without descending from it may give strength to the price's quest to rise to higher levels.
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4280 (TADAWUL) - BULLISH
I think that we should prepare to buy at the price 7,80 and put the price of 8,38 as a target and that may vary regarding the behavior of the market in the next week for the SL we can put 7,24,
PS: after the butterfly we saw that the market give us a strong bearish wave and then again the market did a remarkable correction with the breakout within the level 50% of...
The market is expected to continue rising during the coming days
Because we are above the blue line and nothing to worry about
We can only sell when a red candle appears below the blue line
Indice1 (candlestick) and indice2 (volum) confirm very likely to do another pullback and at this moment we should see if he will cross the support line or going up
