Saudi Share Market: Tadawul All Share Index (TASI) Technical Analysis
Yesterday we noted that TASI started the bearish B correction wave on a 15-Minute time frame after the impulse A wave in the recent retracement. We assumed that B wave on M15 could turn into a subwave structure on the smaller M5 time frame. What is a trading strategy?
TASI decided to build the bearish B correction of a 15-Minute scale at least without enclosed wave structures of a smaller time frame. Actually, the B wave is not quite adequate for the impulse A and should be more extended. If we increase the chart scale to 30-Minute, we will see that the bullish A wave fits well with M30, so the B correction should also have a level of a 30-Minute time frame.