BKP trade ideas
Kuwait Premier Market Morning StoryNOTE: This indicator has two bands Upper acts as Bullish Market Lower Acts as Bearish Market.
Friday Morning Story starting from early Jun until late August and it may continue or may not which we will know in future !
Since early Jun the market is heading and stayed in the upper bands which all traders are happy with their bullish targets being achieved as anyone with fundamentals of stock market analysis knowledge can get his analysis correct and no one will be wrong "except the bearish people"
BUT the tides changed since early August were the stock trending going to lower band! were all bullish market analysis vanish since all of their bullish analytical suggestion is missed up and went totally in the wrong direction and got lost with all their support levels being broke up like papers as it been told once "Never Catch A Falling Knife!" for now the market giving signals to change the tide for the bullish direction it still facing a resistances in the direction to reach the upper band! then the cycle will be completed and start as if we were at early Jun.
This is the market a Cycles! choose your correct side and know your position to be a winner always.
" DUMB MONEY " VS " SMART MONEY " , Choose Your Side Wisely !
Inverse Head and Shoulders on BKPThe Kuwait Premier market is showing an inverse head and shoulder pattern initiating a push upwards toward the 9350 levels
