📉 TALABAT Potential Reversal from Demand Zone 🚀
The stock has been in a downtrend since its IPO, establishing an uptrend around January 5th, followed by a corrective wave starting January 21st after the previous impulsive move.
Currently, the price is testing a key demand zone (1.42 - 1.39), which was formed earlier in January. Signs of a potential trend reversal are emerging, including a break of the downward trendline.
A strong supply zone at (1.59 - 1.62) could serve as a profit target for an upward move.
This could mark the completion of Wave 2 correction within a larger uptrend. A breakout above 1.46 may signal the start of Wave 3, leading to a powerful bullish move.
Setup:
Entry: 1.42 - 1.45 (demand zone confirmation)
Stop Loss: Below 1.39 (invalidates the demand zone)
Take Profit: 1.59 - 1.62 (supply zone)
Risk-Reward Ratio: ~1:3 (ideal for a high-probability setup)
"The market is a device for transferring money from the impatient to the patient." – Warren Buffett
🚨 Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly. 🚨
The stock has been in a downtrend since its IPO, establishing an uptrend around January 5th, followed by a corrective wave starting January 21st after the previous impulsive move.
Currently, the price is testing a key demand zone (1.42 - 1.39), which was formed earlier in January. Signs of a potential trend reversal are emerging, including a break of the downward trendline.
A strong supply zone at (1.59 - 1.62) could serve as a profit target for an upward move.
This could mark the completion of Wave 2 correction within a larger uptrend. A breakout above 1.46 may signal the start of Wave 3, leading to a powerful bullish move.
Setup:
Entry: 1.42 - 1.45 (demand zone confirmation)
Stop Loss: Below 1.39 (invalidates the demand zone)
Take Profit: 1.59 - 1.62 (supply zone)
Risk-Reward Ratio: ~1:3 (ideal for a high-probability setup)
"The market is a device for transferring money from the impatient to the patient." – Warren Buffett
🚨 Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly. 🚨
액티브 트레이드
거래청산: 타겟 닿음
Trade closed at the SZ, price is rejected at the Supply... waiting for a second retest of the DZ to jump again By Dubai Traders Hub
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
