TASI
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
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
Covid-19 Trend is Over? TASI did switch its previous upward trend into downward trend since May 2019 regardless of Covid19.
And then it did start short term upward trend that I think it is about to end soon and then continuing on the downtrend trend that started earlier unless there is a good reason to not.
It’s like a flight had to do emergency landing and then take off again. And now it’s almost ready for landing, unless that is going to be cancelled for unexpected reason...
Saudi Arabia's TASIThe familiar wedge off the March lows. The very recent price action looks a little more consolidating, almost as if it wants to push up one more time. And given Saudi Arabia's dependence on the price of oil, perhaps a bump on that will do, even if the other markets deteriorate more first.
The long-term chart (below) looks like a long, consolidating period, a huge wedge.
Given that the flag that is forming now has so much overlap in price, it certainly looks corrective rather than impulsive. If that is true, I would expect the March lows to be taken out somewhat decisively rather than seeing us move up out of the wedge.
full cycle of tasiTasi completed a full cycle from 1986 to 2006 and then go down for a flat wave we called it W , Then he go up on the X and then down in a triangle.
this correction called double three because it contains a flat wave followed by any three ( abc ) then a triangle
we make from the triangle a and b and c we will go up for d and then down for end e after that tasi will go higher than 20600.