Tadawul All Share Index: Bullish Correction Or New Impulse?
Mtradee com | Aug 29, 2016 05:22AM ET
Since August 25th Tadawul All Share is building a bullish correction that could be currently estimated as the 4th correction wave on an 1-hour time frame (drawn with a lime line). We could not consider this wave as a new bullish impulse until the Awesome Oscillator crosses the zero line on older 3-hour or 4-hour time frames. Besides, the bearish lime wave structure is protected by its slope channel connecting the starting points of A and B waves drawn with a blue dashed line.
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