2222
See my next analysis for LONG TERM view.
- SAUDI ARAMCO breaks out of parallel channel after completing wave 3 extension.
- Now I think it's in wave 4 the ideal correction measure for wave 4 is 38.2% of wave 3. maximum is 50% of wave 3. In this case it's possible that stock will correct to near 50%.
- Now why 50% I'm saying is because there is strong support created on 14 jul 2022 at near 31.20 which will act as support.
See my next analysis for LONG TERM view.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.