Subject to close above 12700, the next target will be as follow: the first target for standard pattern ( BAT) @ 13500 The second target for non standard pattern ( Anti Shark) @ 14400 Good luck for all,
Potential AB=CD Harmonic Pattern, This pattern not activated yet. Once it activated, the target will be confirmed. Target shown on the chart.
Potential Harmonic Pattern for long term. target are shown on the chart.
Potentinal Harmonic Pattern ( Cypher) which could be devloped late to shark. tareget are shown on chart.
Potential Harmonic Pattern. Target are shown on the chart.
Potential BAT Harmonic pattern expected to target 163.000 Target 163.000
Potential Harmonic Pattern ( Anti Bat) Target are shown on the chart.
DXY The probabilities are good for the formation of a harmonic pattern at the price of 104.236 Bat Harmonic Pattern.
Potential Cypher harmonic pattern. Target as shown on the chart.
Potential Hamronic Pattern ( Cypher) the target is 64 Activation point 41.69
Potential Harmonic Pattern AB=CD Extetnion the target for this parttern is : 4045
Shark Harmonic Pattern has been completed, accordingly we are expecting rebound up to 50% Fibonacci of the previous leg.
What shown on the chart is a harmonic pattern called the "Butterfly," and according to the rules of the harmonic school this pattern has achieved the minimum required percentage for D , without reaching the maximum limit. Therefore, we expect a rebound from green box up to the 50% Fibonacci level (at least) of the previous leg.
Regarding the analysis of the Saudi TASI index, we observe the activation of the Bat harmonic pattern targeting 13500, and it is expected to evolve later in the long term to form the Crab pattern at 16420. Good Luck.
Potential Harmonic Pattern could be formed and the target shown on the chart. Good Luck.