Denmark recently announced that the country would mostly shut down due to the quick spread of the coronavirus.
Momentum has turned bearish on many fronts. Bearish trend pressure coming from above. Currently hovering in a decision zone.
Shortterm target area for OMXC20 is around the 800 level. AB=CD harmonics, weekly closeline GAP from 09/02-15, weekly tail from 7/11-16 are all pointing at the same target area at around 800. Expecting a bounce afterwards.
Will the climb continue? Will we see a new finance crisis?
note. This is NOT a log chart!