Tadawul All Share Index: Long-Awaited Long

 | Sep 05, 2016 08:08AM ET

Tadawul All Share Index TASI is building a bullish correction that could be still estimated as the 4th correction wave on a 3-hour chart.

If this move becomes stronger we will witness the new 1st wave up supported by an older 12-hour time frame.

In the mean time the bullish correction has an enclosed 3-wave structure of a 15-minute time frame.