ALsalam 3alikom, I hope you are fine!
Study the TASI graph, which depicts weekly for all SAUDI stocks. When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.5 OTE Fibonacci. The minute details are those points in the graph where change occurs, which back and respect the order block and 0.5 OTE Fibonacci, which describe the rising wedge pattern.
On overall I would waiting the line to the 0.62 and respect the Weekly - Fair Value Gap (FVG) to Entry and my profit which the old order block on 0.62 Fibo
Vocabulary:
- A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
- OTE refers to an order that is placed by a trader with the intention of executing a trade at a specific price. In other words, it is an instruction to a broker to execute a trade at a predetermined price level.
Study the TASI graph, which depicts weekly for all SAUDI stocks. When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.5 OTE Fibonacci. The minute details are those points in the graph where change occurs, which back and respect the order block and 0.5 OTE Fibonacci, which describe the rising wedge pattern.
On overall I would waiting the line to the 0.62 and respect the Weekly - Fair Value Gap (FVG) to Entry and my profit which the old order block on 0.62 Fibo
Vocabulary:
- A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
- OTE refers to an order that is placed by a trader with the intention of executing a trade at a specific price. In other words, it is an instruction to a broker to execute a trade at a predetermined price level.