The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and...
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short the...
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 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 :)