Tadawul All Share Index (TASI) Failed Recovery
The recovery on smaller time frames m15 and m30 expected in our previous TASI technical analysis failed.
Instead of making a C impulse wave up, TASI has built another extension leg down on m30 within the bearish C wave on the older 3-hour chart.
The B correction wave on a 2-daily chart seems to have an equal level of the 1st bullish impulse. We expect the bullish C wave to start soon. Otherwise, the time frame of this B should be reconsidered on an older time frame.