albert.callisto

Swiss Market Index - Good support, now retracing towards Kijun?

FX:SUI20   Swiss Market Index of Swiss listed shares
39 0 2
SMI             reached a support area that it already encountered back in middle of January between 7935-7955 where it closed on Friday.

Kijun lies straight on our Fibo pivot (Kijun is 50% of high/lows of 26 candles) so it indicates that the Fibo is correctly drawn. What we see is that the Tenkan lies around the 0.382 Fibo and could be the first target after the pullback. If it is neatly broken, price will target the Kijun and maybe the cloud where a small twist is present.
Comment: Broken.. the market is bearish.......
Comment: Europe is tanking, whole idea cancelled.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out