2380 trade ideas
2380ALsalam 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 those points in the graph where change occurs, which back and respect the order block also in the 0.62 %, which describe the Bearish Head and Shoulder .
On overall, I have many reason to entry now, which is :
BOS - Break Of Structure :
When price breaks a low or high then it is called BOS.
LQ or $ - Liquidity grab :
Liquidity simply means money or huge opposite orders to be filled to fuel the movement of the market institutions.
OTE - Optimal Trade Entry :
It is when you are looking for a Retracement for
FVG - Fair Value Gap :
are powerful tools traders use to identify market imbalances and inefficiencies.
BB - Breaker Block :
is the lowest closed candle in the recent swing low before a bearish run.
2380 RABIGH REFINING AND PETROCHEMICALEVERY 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 Setup for Long Call2380 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: 11.54
RRR: 1:2.5
AnalysisHere 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 and accompanied by a large green volume we can enter a buy position at the next green candle. But , you have to be really patient that all these conditions are met.Thanks.
2380 : Petro Rabigh (+50% by Dec 2022)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.
What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
RABIGH REFINING AND PETROCHEMICAL CO TADAWUL 2380 Currently the price is at the lowest levels
There are two buying opportunities,
the first is waiting for the price to descend to the Fibonacci level 0 or close it and buying from the price 9 or 7.
Either in case the price breaches the downtrend and exit from the 0.23 Fibonacci level, buying from 14.5 and consolidating after breaking the Moving average Line 200