Navigating for a potential ABC correction phase over the next days/weeks before heading north in the fall? Looking at today's close followed by tomorrow for a potential bearish reversal pattern.
Index is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term.
On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking...
Sellers took back control after a strong start of the week, resulting in a long week candlestick tail that signals uncertainty among the buyers (however with a lower volume than previous candles). I'll be looking at the 1400-1360 level and a break would mean a revisit of the previous bottom at 1260. If the price would break the previous range high, I'm expecting a...
As expected, OMX30 made a lower low followed by an attempt up toward 1500 (Fib 50%) and failed. Still negative around the 1300 level and am expecting a drop to 1250-1200 before we see a strong reversal pattern.
Looking for a light bounce up to Fib 38-50% before heading south for the last leg before building a bottom. Looking to build a short position but remain neutral for 1-2 days.
Efter en hysterisk start av vecka 9, klev björnen in och slet huvudet av den skenade tjuren. Negativa divergenser i Rsi:n har gett ledtrådar till detta bakhåll.
Omx föll ungefär 14% från sin toppnotering! Barn grät, föräldrarna skrek, tanten på ICA ramla och Löfven vill föra in korttidsarbete, ett totalt kaos spred sig...
In the last week there have been very large movements on the world indices. It seems the larger waves are coming in more quickly than expected.
Currently looking for a flat ABC and hop to trade the C wave.
After C is complete and does not break 1700 we should be good to go another 15-20% to reach C5.
Short timeframe
Looking to complete ABC pullback for larger wave 4 that should stay above ~1700. If the C does not gap down it should be tradable.
Intermediate timeframe
After larger wave 4 is completed I'm preparing to be bullish and look to build aggressive long positions.
Longer timeframe
After C5 is completed, a larger pullback is expected. Planning to move...
This is my thoughts.
We have reached an historic high and a recoil is natural. Now with the corona virus spreading worries OMX has landed at a in my opinion natural level.
What worries me is if we are to break the mid term trend. If that happens we will have a consolidation period that rapidly ends up in a "crash" down to former levels.
This can we take...
THIS IS MY VIEW OF IT.
Counted the waves by the elliot principle and got this results. the bull move isn't over yet if you ask me.
GOOD LUCK, THIS IS NOT AN INVESTMENT ADVICE
