TASI Analysis for TADAWUL: TASI by alorabyakram2030 — TradingView

1. Classic analysis

Overall trend: Bullish. The price formed a higher bottom than the high and low and began to break above the previous peak.

Support and Resistance: Major support currently occurs at the 11,079 area (the entry point marked on the chart), while the most recent resistance has been broken to become support at 11,305.

Price Pattern: Price broke out of a mini double bottom pattern and is now in the post-breakout “retest” or take-off phase.

2. Smart Currency Concept (SMC) Analysis

Structure: A bullish BOS (structural breakout) has been confirmed following a break above the recent peak of 11,200.

Liquidity Zone: Buyer liquidity is concentrated above the previous target peaks (11,530 and 11,755).

Order Block: The last red candle before the current bullish impulse represents an area of ​​strong demand protecting the trend.

3. Wyckoff analysis

Current Phase: We are in a rising phase after the accumulation phase that occurred during the symptomatic swing in March ended.

Price and Volume: We noticed an increase in bullish green candle volume, which confirms the validity of the breakout and the strength of the buyers.

4. Technical indicators

RSI (14): The reading is 62.7, indicating strong upward momentum, but it has not reached the overbought stage and there is room for further gains.

ADX: The strength is still relatively weak at 16.5, which indicates that the trend is at the beginning of a strong buildup.

Moving Average: Price is trading above the moving average (red line), which supports continued positive sentiment.

5. Transaction management (according to the numbers shown on the chart)

Ideal entry point: Set at 11,079.93.

Stop Loss (SL): preferably below the red line (approximately 10,850).

Goal (Profit):

TP1: 11,305.03 (coming soon)

TP2: 11,530.12

TP3: 11,755.22

TP4：11,980.31

6. Scene

Base case: Direct uptrend continues towards TP2 and TP3 due to the positive momentum and positive MACD crossover shown in the side chart.

Another scenario: A daily close above the 11,000 level could turn the trend sideways or bearish, retesting the 10,600 area.

7. Final evaluation

Expected trade success rate: 71% (based on bull scores shown in the chart).

Trade Types: Swing trading excels due to long-term goals and daily frame analysis.