Waiting for confirmation, the price achieved the harmonic target at 1.88 (127% fibo.), and a slight bounce is expected from this level, it needs to increase the noticeable trading volume to give buying opportunities
It is important to consider the general UP trend and not to break this level
In the event of a breakout, it will fall to a level 1.66 with is (161%...
Good morning dear Qatari traders, as you can see on the chart here, the price cut and pulled back on the vwap, you can buy it and set SL and TP at your own risk.
MPHC MESAIEED Petrochemical holding near demand zone
entry:1.944
sl:1.921
target:2.105
RR:1:7 , 8% spot
take care blackbox shown in picture is strong supply area
Dear Qatari traders, you can see on the chart that the price is on the 0.5 level of the pitchfork as there's a resistance level on the place I sat the rectangle.
MPHC is moving in sideways since June last year and couldn't breakout the resistance at 2.193.
The downtrend continues after the price broke support trendline 2.019 last month.
Humbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
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MPHC (QSE) - Be Carefull for Bearsih
Sideways and level 25% of fib line acting as support.
This fan lines can be used to estimate support levels or potential reversal zone.
Need to break 50% fib retracement line to gain the positive momentum.
