The price action on the 4-hour chart of ELM CO (TADAWUL) has formed a double bottom pattern, signaling a potential bullish reversal.
Trade Idea:
A breakout above 1115.0 confirms the double bottom pattern.
Risk management is crucial – placing SL below bottom at 1048 to ensures controlled risk.
Key Levels:
Neckline Breakout: 1115.0 (Entry Point)
TP1: 1182.0
TP2: 1249.0
Stop Loss : 1048
Trade Idea:
A breakout above 1115.0 confirms the double bottom pattern.
Risk management is crucial – placing SL below bottom at 1048 to ensures controlled risk.
Key Levels:
Neckline Breakout: 1115.0 (Entry Point)
TP1: 1182.0
TP2: 1249.0
Stop Loss : 1048
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