Show some week signs: 1- Monthly resistance at 20.36 which was near a target in previous trade. 2- wait to see in 20 - 20.36 if bearish candle appear. price will back to these targets TP1: 18.98 TP2: 200 moving average if 200ma not hold will not surprise if price to back to 17 or 15
uptrend closeup 13.40 1 target 15.50 2 target 18.00
Hello Traders, The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming. Position Strategy When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price...
Hello Traders, 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 1st Scenario Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short...
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 :)
Hello Traders, 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...