This idea focuses on the Saudi Stock Market (TASI) key support and resistance levels based on time-sequenced price action.
Current support zone is highlighted (Point 1).
Time-based sequence:
🔺 Resistance on July 31 at 11126
🟢 Support on August 11 at 10885
🔺 Resistance on August 14 at 10999 / 10945
🟢 Support on September 1 at 9576
Connecting these points reveals the expected scenario shown in the second chart.
Key level: 11282 (Point 3) – A confirmed breakout above this level signals a strong buy opportunity, as it:
✔ Acts as a major support
✔ Breaks the descending channel
✔ Invalidates the bearish continuation scenario
📈 Watching for a bullish breakout above 11282 to enter long positions.
Current support zone is highlighted (Point 1).
Time-based sequence:
🔺 Resistance on July 31 at 11126
🟢 Support on August 11 at 10885
🔺 Resistance on August 14 at 10999 / 10945
🟢 Support on September 1 at 9576
Connecting these points reveals the expected scenario shown in the second chart.
Key level: 11282 (Point 3) – A confirmed breakout above this level signals a strong buy opportunity, as it:
✔ Acts as a major support
✔ Breaks the descending channel
✔ Invalidates the bearish continuation scenario
📈 Watching for a bullish breakout above 11282 to enter long positions.
Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.