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Tadawul All Share Index Is Building A Bearish Correction

Published 08/17/2016, 06:37 AM
Updated 07/09/2023, 06:32 AM

16-Hour Chart

Tadawul All Share Index (TASI) on a 16-hour chart is building a complex bearish correction B wave (plotted with a violet line) within the 4th bullish correction wave on a weekly chart.

3-Hour Chart

A smaller 3-hour chart shows a 3-wave structure (drawn with aqua lines) inside the violet 16-hour B wave. Now we are witnessing the bearish C in progress.

30-Minute Chart

TASI on a 30-minute chart is forming a bearish wave that may likely be considered as the B correction to be followed by a bullish C impulse wave. However, till now there are no bullish signals on smaller time frames.
Tadawul All Share Index (TASI) 16-Hour Chart

Tadawul All Share Index (TASI) 3-Hour Chart

Tadawul All Share Index (TASI) 30-Minute Chart

Latest comments

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