SAUDI AWWAL BANK | Weekly Timeframe (TADAWUL)

18 Mar

Chart Analysis – SAUDI AWWAL BANK | Weekly Timeframe (TADAWUL)

Key Areas Highlighted:

Equal Highs (Buy-Side Liquidity): Marked at the top (around 46.50), indicating a liquidity pool where institutions might target to grab stop-losses above these highs.
Target Price: 42.65 is marked as a significant level where price is expected to move next (short-term target).
FVG [M] (Fair Value Gap - Monthly): A green zone around the 33-36 range indicates an area of imbalance that price might fill before continuing upward.
Market Structure Shift (MSS): Marked on the chart showing a structural change, signaling a bullish reversal.
ITL (Internal Liquidity) & STL (Sell-Side Liquidity): Noted near the lows, highlighting liquidity zones. A note mentions:
“Price will not trade below this low until buy-side liquidity is grabbed.”
Overall Expectation:

Price may retrace into the FVG (Fair Value Gap) zone.
After that, it’s expected to move higher toward the 42.65 level and possibly target the liquidity above equal highs near 46.50.
A projected move of +21.36% is highlighted from current price zone to the 42.65 target.

24 Mar

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