Middle East Paper : Is an AB=CD Setup Brewing ?Middle East Paper Co.TADAWUL_DLY:1202wish_fund1202 🚀 0.786 Fibonacci Divergence + Range Breakout — Is an AB=CD Setup Brewing? The stock has formed a significant bullish divergence around the 0.786 Fibonacci retracement level and is now consolidating between 16–20. This combination of deep Fibonacci retracement + divergence + range-bound price action makes the current structure particularly interesting for swing traders. 🔍 Key Level: 20 The 20 level is the immediate breakout trigger. A decisive breakout and sustained close above 20 could confirm the next bullish expansion, with the following levels coming into focus: 🎯 24 → 30 → 32 → 36 These can be treated as potential resistance and profit-taking zones along the way. 📈 AB=CD Pattern in Focus There is also a possibility that the current structure develops into a larger AB=CD harmonic pattern. If the pattern completes successfully, the extended upside roadmap could reach: 🚀 45 → 50 → 70 → 82 → 100 The 100 zone would represent the potential larger AB=CD completion area, provided the bullish market structure remains intact. 📊 My View The setup is interesting, but 20 remains the line in the sand for confirmation. ✅ Bullish divergence at 0.786 Fibonacci ✅ Consolidation between 16–20 ✅ Potential AB=CD harmonic structure 🚀 Breakout above 20 could open 24 → 30 → 32 → 36 🔥 Extended targets: 45 → 50 → 70 → 82 → 100 Until the breakout occurs, the stock remains range-bound. Let price confirm the move rather than anticipating it. Will 20 finally break and trigger the next leg higher, or will the 16–20 range continue to trap both bulls and bears? 👇 ⚠️ Financial Disclaimer Disclaimer: This analysis is provided for educational and informational purposes only and should not be considered financial, investment, or trading advice. Technical targets are projections, not guarantees. Always conduct your own research (DYOR) and apply appropriate risk management before making investment decisions. #Tadawul #SaudiStockMarket #SaudiStocks #TASI #SaudiTrading #SaudiInvesting #SaudiInvestors #KSAStocks #SaudiEquities #RiyadhMarket #GCCMarkets #MiddleEastMarkets #TechnicalAnalysis #TradingView #PriceAction #BullishDivergence #Fibonacci #FibonacciRetracement #ABCDPattern #HarmonicPattern #Breakout #BreakoutTrading #MarketStructure #SupportAndResistance #SwingTrading #MomentumTrading #TrendFollowing #ChartAnalysis #StockAnalysis #TradingIdeas #BullishSetup #RiskManagement #WiSHFundManagement