Anticipating a possible reversal lower.
Annotations of potential key levels made in the chart.
Once the stop level of 11256.97 is taken out, the idea is invalidated.
As usual, manage risk.
Maybe to continue upmove, or just retracing up from a long term downmove, let us see
For now, focus on buying chf. Watch out for h4 retracement / downmoves.
Trade Idea: Selling CH20
Reasoning: At resistance - hold the line!!
Entry Level: 10911
Take Profit Level: 10706
Stop Loss: 10967
Risk/Reward: 3.66:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
Jamie's Gun2Head Idea.
Ascending triangle formation breakout. Buying a break of previous resistance, looking for a move towards the 78.6% Fibonacci retracement.
Look for wave (3) to target the 1.618 multiple of wave (1) at 14248. 12069 is near-term support. The focus will then begin to shift towards a peak in wave (3) and the next corrective decline in wave (4)
Quite a lot of doom and gloom about and lots of people calling a top in equities but I'm not so sure. This red count suggests that we might be about to see an extended 5th wave in Swiss equities going forward. I have to include the much more bearish blue count though and that suggests that the top is already in. Which is it? Wish I knew. Personally, I prefer the...
The ECB and the FEDs will start tapering off their assets, which made investors quiet nervous by dropping the markets to lows of last Friday. Long time investors are still heavily invested and will take longer to adjust.
Volatility for the long time investor must occur on a much longer timeframe.
I see perhaps a new entry point for the Markets that can reach even...
Strong Buy - About to go higher next run up.
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in their country. It is made up of 20 of the largest and most liquid Swiss Performance Index stocks.
So that's good ay
The economy of Switzerland is one of the world's most advanced free market economies. The...
Switzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips
