Saudiarabia
A CALL FROM THE SUPPORT TO SEE WHAT TO DO NEXTNormally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back,
THE GREEN TREND LINE CAN ACT AS A MAGNET!
PREPARE TO SELL YOU SHARE THE MARKET MIGH GO TO 74.54We have a strong indications that the market will go down :
1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance,
2.The Fibonacci give us the level of 75% as a strong resistance too,
3.The respect of the red trend line and the market need to go back to the channel,
Summary:
The market needs to go back the the level of 61§ of the Fibonacci retracement, and then we may have a good buy configuration, with all the past indications it's very hard to tell that the market will go up furthermore,
WE ARE IN A LEVEL OF STAND BY POSITION, WAIT FOR THE NEXT VOLUMEPlease share with me your thoughts,
wait for the right moment to decide wisely,
Kind regards