Raindear and rainbows is what norwegian politicians is dealing with these days.
Not one Norwegian politician is prepared for what's comming next. Neither where they for the electricity crisis, the inflation crisis or the pandemic or WW3. The most complacent country in the world is where I live. No use trying to warn. No one even wants to zoome out and look at...
I think the market will close the gaps. We can follow along. If it breaks down from 1093, then I sell. However, I imagine that the rate will first rise to 1100, then fall down to 1077
The main index on the Oslo Stock Exchange is heavy on oil. So the oil price will have a lot to do with what we can expect. Under normal circumstances, this is what I would expect in the months ahead for this index. Now, though, it's not normal circumstances, so it's not good to say.
Every market has pulled back and already in bear market while Norway continues business as usual. US, Japan, China, Hongkong, Australia, Europe every index has fallen but not the Norway 25 index. While it's impressive, I don't think it can hold anymore. Norway at least should show a 20% pull back from current value. Also, the curve looks like a rounded top so drop...
Once in a lifetime opportunity.
We will witness a great decline, after the landing of the fifth wave. This decline will come in an "abc" type of correction and wipe out all the new and unexperienced investors.
In this last period, every stock within the Norwegian market has been booming. Would you not say it is about time?
Anyways, the fifth wave is very...
OBX is setting up a beautiful equilibrium pattern which can break either way.
Cautious traders can buy / sell the support / resistance breaks, others can trade the formation itself.
Good luck!
Since the index closely follows the price of Crude oil (which is in a similar pattern), I expect some pullback at these levels.
First target is around 740, then 715. 700 is the line in the sand in terms of keeping the uptrend going.
(Note that the formation is a fractal of a bigger wedge playing out on the weekly timeframe).
Although I am a technical trader, the fundamentals helped me keep my conviction and my bearish positions through this market rally.
The most important thing to remember is to gather as much information as possible and base your actions on facts, not emotions.
The OBX indeks has broken down from a rising channel / symmetrical triangle. The measured move for this...
I have been tracking this ascending wedge pattern since early april, it is similar to the one in other major indicies.
I expect one final leg up since there is a bull-flag forming on lower timeframes, and a spike up to the 722-725 level to fill the gap (look left).
Then, if it rejects from this level (which also corresponds to 0.618 on fib), it should be able to...
With falling oil prices and corona-virus spreading like a wildfire, we are likely to see the obx drop even more. It does not look like Saudi or Russia is planning to stop dumping the oilprice either. The Norweigan krone is has had a huge loss because of the oil price, and foreign investors leave the norwegian market when the price of NOK vs EUR/USD is rising. The...
Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated...
