Al Rajhi Bank Long
Al Rajhi Bank continue to make new highs
Bullish Indications
1- Dow: Series of HH and HL in continuation
2- Candle stick: Inverted Hammer
3- S&R: Trendline support 132
4- Fib Retracement 38% (132) 50% (
Bearish Indications
1- 3 black crows at top
2- If fib level of small parabolic move @68% (132) and trendline support at same level are broken, then trend reversal may be possible (wait for LH)
Trade Plan 1
Long from current price @134.2 with stop loss @ 120
Bullish Indications
1- Dow: Series of HH and HL in continuation
2- Candle stick: Inverted Hammer
3- S&R: Trendline support 132
4- Fib Retracement 38% (132) 50% (
Bearish Indications
1- 3 black crows at top
2- If fib level of small parabolic move @68% (132) and trendline support at same level are broken, then trend reversal may be possible (wait for LH)
Trade Plan 1
Long from current price @134.2 with stop loss @ 120
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