SABIC 2010
Bearish Indicators
1- Bearish trend is confirmed after LL
2- three black crows at top trend reversal
Bullish Indicators
1- Current price fib 38% level of complete trend
2- Next Support fib 50% (99.32)
Trade Plan A
Long current price with SL @106.24
Trade Plan B
Short @106.24 if 38% fib level is broken
SL @113
TP1 99
TP2 84
1- Bearish trend is confirmed after LL
2- three black crows at top trend reversal
Bullish Indicators
1- Current price fib 38% level of complete trend
2- Next Support fib 50% (99.32)
Trade Plan A
Long current price with SL @106.24
Trade Plan B
Short @106.24 if 38% fib level is broken
SL @113
TP1 99
TP2 84
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