OMXS30, 4H - Potential Shark pattern

OMXSTO:OMXS30   OMX Stockholm 30 Index
OMXS30 continues to be bullish and are looking to face two resistance levels ahead.
First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ.

Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern comming up.

Interesting time ahead for the Swedish OMXS30.

Henrik Siverhall
SMC Trading

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