This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
...On weeklies we have long rising trend from March 2020.. Now retesting November 2020 Highs / wick imbalance. On hourly we are trying to form H&S on top of the previously mentioned wick imbalance
Sampo earnings results are due on Feb 11. H&S could be underway. Key support at 32.92, where I would say it would be a good moment to buy with the risk of losing 7.81% in the near term.
Sampo Analyst recomm 38Eur buy 34-35eur It was 33EUR in Dec, so it has been upward (see blue channel) - downtrend reversed ? (black line) - high from spring 2020: 42 EUR (black dotted line) - bottom from Apr2020: 22-23 EUR (black dotted line) Note - Earnings mid-February - potential sell of Nordea shares (dragging earnings) summertime - one of the top traded...