2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry can be taken now (HH) or after formation of HL (conservative)
Keep SL intact as identified.
2250: LONG AFTER HAMMER CANDLE FORMATION2250: SAUDI INDUSTRIAL INVESTMENT
has historically appreciated, on a weekly timeframe, once a hammer candle had been formed at an 'area of interest' or below it
The 'area of interest' is the price range of 18.10 - 18.30. There are 2 cases of hammer candle formation: 1) at the area of interest 2) below the area of interest. Both cases are marked in the chart.
Case 1: Hammer candle formed at area of interest
Enter a long position with TP: 25% (min) ; SL: below hammer candle's lower wick
Case 2: Hammer candle formed below area of interest
Enter a long position after taking confirmation of RSI (should be 30 or less) with TP 1: upto the area of interest ; TP 2: 70% ; SL: below hammer candle's lower wick
At the time of publishing this idea, case 2 is active and TP 1 has already been achieved. All eyes can be set on TP 2: 70%
Best of luck!!
4180: LONG AFTER BREAKOUT FROM A RANGE 4180: FATAIHI HOLDING GROUP has successfully broken out of a range as indicated by the rectangular box in the chart. The Price is bound for an upside move towards 1st resistance that is about 10% from the point of breakout.
Enter long when price retraces back to the support zone with TP 1 = resistance 1, TP2 = resistance 2 and SL = below the breakout candle
Best of Luck!!