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TASI

Saudi Arabia's TASIThe familiar wedge off the March lows. The very recent price action looks a little more consolidating, almost as if it wants to push up one more time. And given Saudi Arabia's dependence on the price of oil, perhaps a bump on that will do, even if the other markets deteriorate more first. The long-term chart (below) looks like a long, consolidating period, a huge wedge. Given that the flag that is forming now has so much overlap in price, it certainly looks corrective rather than impulsive. If that is true, I would expect the March lows to be taken out somewhat decisively rather than seeing us move up out of the wedge.
TADAWUL:TASIShort
by CHTradingGroup
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.
TADAWUL:TASI
by Diallo_Charts_Ideas