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YASIRWA

TASI: Head and Shoulder Formation (Correction Phase)

Short
Indice Tadawul All Shares (TADAWUL_DLY:TASI)  
YASIRWA  
TADAWUL_DLY:TASI   Indice Tadawul All Shares
Head and Shoulders Support and Resistance TASI headandshouldersformation dowtheorybearish
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headandshoulders supportandresistance tasi headandshouldersformation dowtheorybearish
TASI has been in uptrend since October 2023
Regional situations also not in favor of good upside potential

Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)

Trade with tight stop loss based on individual stocks setup.

Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade

Idee correlate

YASIRWA
TASI_ Wait for Support Breakout
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