Trade ideas
SAUDI ARABIA WEATHER = LARGE & NARROW RANGE -$TASI- 3OMN - IDEAThanks for your like! Please also share to benefit the most! Much appreciated!
_______________________________________________________________
The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately.
Now in a narrow range, we can see that it is framed by a wider range still legit.
Zone 1 and zone 3 are the next possible moves . Lines will be broken probably by a large candlestick or a large gape.
In fact, we have seen the market jumping from one range to another just by using "impulsive gapes".
This market doesn't offer much data , the study of the candlesticks reveals that actual support has been tested several times but not been broken.
If the market goes beyond, this will possibly be a smart entry point for long fall.
In the other side , the actual resistance (narrow range) seems to be less strong and possibility of seeing it broken are also likely as it is a very weak point. This will go in the sense of a consolidation of the price.
Time Cycle- BitcoinBitcoin bottom was easy to expect and it takes the boarding bars and divides them by two showing you the expected bounce date
General index of the Saudi market tasiThe market closed on Tuesday 5 May at value 6710
In bearish sessions, the 6512 point formed technical support for the market
Breaking it Nola targets 6150 levels
TASI to where!!We see a TASI indicator bouncing from the specified demand area, so can we see a rally again !!
#tasi
Tadawul Index startet mit - 7% Seit Anfang des Jahres hat der saudische Aktienindex „ #Tadawul All Shares Index“ rund 20 Prozent an Wert verloren. Aktienmarkt brach heute um rund 7 % ein – (Heute? – Ja in einigen muslimischen Staaten ist Freitags statt Sonntags die Börse geschlossen) #Moodys hat den Ausblick für die Finanzkraft des Landes am Freitag bereits auf negativ gesenkt. Fragt sich wie lange #SaudiArabia und die #OPEC den Öl-Streit aushalten können?
is TASI in bullish trend?The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
TASI is likely to go up .TADAWUL:TASI
TASI is looking to go up towards around the 7000 level .It could even continue to go up to 7160-7180 levels if we succeed to close significantly above the 7000 mark at the end of an upcoming day .
Before it shoots up TASI could very well go downwards first to 6400-6500 level after the market open .
Saudian Market - TASI - weekly chartTASI - Saudian Market - weekly chart
# The current trend is downtrend
# Under the important resistance 7000 may go to 5500 then 4775 to achieve targets of the head and shoulders pattern and the expected shark pattern
# The positive scenario will be above 7000
