TASI trade ideas
Tasi will go up next few weeks Tasi will go up next few weeks
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Ranges Identified - See Market Music - #TADAWUL - TASI - WEEKLY#tasi #tadawul #tadawulindex #tadawulcours #tadawulbourse #arabicstock #stock
Do you like music? See how the chart is harmoniously playing.
This #TASI is moving in #ranges, at one moment in one range then strong push to another one.
The blue lines are the next possible #ranges. At the moment the price is at a very critical price. It can pullback to go down or break the resistance to go up.
The orange line is a probable very very strong #support. The market is moving above it at the moment. We have more #probability to see the market going up, but as the market goes away from that line it can come back to it. It is acting like a possible @gravity #center #price line.
Extra blue down trending line have been traced to show you what is the music of this market as those two lines are 100% paralleled. Do you see the same music?
TASI Analysis for End of YearI personally see very good move to 8500 if this week we will break 8500 then in general we have confirmation that Tadawul KSA will close above 8700 by New Year. The move to 10000 mark will be open as soon as 8700 be penetrated. There is no Bearish signals, or Bearish pressure on market. Hawamer are buying until next year with huge amounts. Many good stocks will reach huge targets 7010 will be 120 Sabic will reach 110 and then next year 140. So watch carefully for fat green line on 8500.
TasiNow a hard landing to touch the vendor pool areas.The sale ends at the levels mentioned on the chart.
Expecting TASI to be Uptrend or downtrend v2.There are two scenarios
The first is to continue uptrend movement, but it has to be closed above point 8095 pip and then breakout 8122 pip this will lead us to 8343 pip .
Until then, we will update .
The worst scenario is falling by break downing 7840 -7812 pips
this will lead us to 7500 and then 7300 or to 7073p.
TASI Still Searching For A Support !After falling to breakout the resistance close to 8640p , the index started a new correction wave could find a first support near 7625p
TASI UPDATE!!!The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
pull to 50 EMA TASI Pulled back to 50EMA . If we looked back to fined some symmetry in the price action we can see clearly this kind of price action can give good support.
TASI UPDATE! STILL SHORTThe market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
Expecting TASI on four-hour chartBearish Divergence Pattern
Bearish divergence Gann Square of Nine Box has been used on 4h framework .
there are many scenarios can be expected , but the most important is the point 8354.687 .
it is considered as stop lose .
TASI WILL RETURN TO THE SIDEWAY PROFILE! ENTER SHORT!!The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
TASI WILL BE IN A CORRECTIVE WAVE! STRONG INDICATION!Please share with me your thoughts,
kind regards,
Head & Shoulders Pattern is still threaten the TASIBeaten the 8480 is very important for TASI. Any drop before beaten that may take the index to 5000s level!
