Bearish Setup on United Electronics Co TADAWUL Weekly TimeframeStructure & Market Behavior:
The market made a strong bullish move from the green highlighted zone labeled as "unmitigated order flow", pushing up with a clear Break of Structure (BoS) on the left side.
A strong rally continued until it peaked (highlighted by the blue dot).
After the peak, the price dropped, creating a Lower High (LH) and Lower Low (LL) structure, suggesting a bearish shift.
Key Elements Marked:
Order Block (OB): A bearish OB is marked on the right side near the current price level (~96.4). This could act as a resistance/supply zone.
Equal Highs (EQ_H): Indicating a liquidity pool where market makers may hunt before a reversal.
Market Pattern: A minor bullish bounce is expected from current levels before a sharp drop.
Forecasted Path:
Price might grab liquidity above EQ_H (false bullish move), then reverse sharply downward.
Target area: Green zone near 40-50 SAR — previously unmitigated order flow/demand zone.
Final projected low is marked around 31.75, which might be an exaggerated worst-case scenario.
Conclusion:
Your chart suggests that the price is in a distribution phase and likely to experience a major sell-off after a liquidity grab above EQ_H. The long-term bearish bias is supported by:
Order block rejection
Equal highs as liquidity targets
Previous bullish rally needing rebalancing (Fair Value Gap / Order Flow)
