RABIGH Refining is extremely bullish and after a small correction a couple of days ago the bullish engulfing candle appeared yesterday which indicates that bulls are in complete control and the price will go further up. Targets are mentioned on the chart.
ALsalam 3alikom, I hope you are fine!
Study the RBIGH graph, which depicts weekly for this line. When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.62 % OTE Fibonacci. The minute details are...
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
2380 1H Setup:
1- trend is bullish
2- volume is high
3- price is forming HL and then can continue into bullish run
4- next support is 11.14
5- Next Support is at 11.54
6- Entry Zones:
-Zone1: 11.34 previous HH but price already passed it downwards
-Zone2: Above 11.15, because of strong support + trendline influence
Entry : at current market price
SL: 11.2
TP:...
Here we have an intersection between the resistance line and the support line. However, if the support line is forcefully broken by a large red candle and followed by large red volume we can enter a sell position at the next red candle. On the other hand, if it is the vwap indicator and the resistance line that has been forcefully broken by a large green candle...
We are close to lows, after that a dramatic increase is being suggested as seen in the chart. This is for Educational puposes only & not financial advise.
Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again!
The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%.
The method we use is HVF, long tested and proved accurate with combined with volume analysis....
TADAWUL:2380
Petro Rabigh is way under appreciated in a pull market. The chart is moving towards a breakout above 15 SAR to make Hi3 on the underlying volatility funnel. For early entry only!
