Fin bullish trend på OMXS, definitivt long här, hade en bulback idag men om man kollar på RSI(2) visar den att den är översåld. Man kan enkelt dra fina trendlinjer ! Fin chans nu när den haft pullback !
This is the updated idea regarding OMXS30 the coming days. I moved the waves one step forward (incorrect wave-counting) and increased the area where the reversal could happen(the new area takes into account a couple of swing-highs). This is because other indices have already reached fib 0.618.
Not advice. Just an observation. MACD keeps making higher lows, price making lower lows. I would say longing OMXS30 soon for easy 50-60 pips would be a safe bet. Take partial profit and wait for either rejection or confirmation before further sales. Keep in mind a similar fake-out could happen as dec 3rd.
Not advice. Just an idea based on patterns and divergences.
After having broken down from a near 2 year consolidation pattern things have become a lot more volatile. As of last bounce from low we are looking at a 50% retrace. Not sure it will stop there with S&P and NDQ in hindsight.
My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and...
Clear, strong bullish divergence is visible on the daily and H4 timeframe, seen in two waves.
Price is in extended bearish territory with expanded bearish Kumo Clouds. Trend
followers will have to wait for entry until a buy signal appears by the Ichomku, while
traders using divergence has a golden opportunity to enter long, scale in or increase