The bullish failure swing has played out on OMXS30 with a $325 move. We now are setting up for the Bearish failure swing. The daily candle is starting to look like a gravestone doji. If the RSI stays below 87 the short entry failure swing would be when RSI crosses 73. Price should be close to crossing down $2370.00 when the RSI short entry would trigger. My first...
This is an example of what an RSI failure swing looks like. I show on the chart how to enter the strategy, when to exit and ways to find a stop loss. This example is shown using the 9 period RSI. You can play this strat soley but i prefer to play them after a divergence has formed for more confirmation.
I see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic...
OMX STOCKHOLM 30 INDEXOMXS30 - OMXS30 Bearish Harmonic - Potential Raising Wedge, Maybe even a H&S Forming. See you all at the bottom 👋
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence....
How the different dimensions woven together. 15 min and 1H ...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
The US500 analys is the backboon on this analys beacause the swedish indicies mostly follows the US indicies.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
I think omxs30 is the toughest graph to predict and therefore i want to predict it and see if i can one day become the worlds best investor. My target for omxs30 is 400
Now Im back again, I have refined my analyses,.. Looking at vix, sp500, Dax and sweden while trading. Target 2016.
Lower low. Following the arrow nicely, so far. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively...
OMX down from the daily opposing GZ (pastel red fib). The double bottom at 1910 wasn't supportive enough. We are currently well established in algo shorts, headed to at least 1770. Market conditions are bearish with the VIX threatening all risk assets like never before since 2007. Please like and share if you appreciate this market update. We are algorithmic...
VIX and DXY within uptrends: the environment is bearish for risk assets, and quite particular. A VIX-plosion would trigger a flash crash in risk assets and invalidate several EW counts. So far, the correction has been structured in indices, OMX included. We are currently trying to double bottom but the final destination for a bottom is unchanged: the 50%...
OMX are testing important structure, Trendline, Fib 50%. More information at chart.
I´m still bearish as long as it does not brake the box. It has a big resistance to brake here, and the war is not over yet. I´m currently on the sideline, and have sold all my bear since yesterday. Let´s see how it goes. OMXSTO:OMXS30
last mjr lov (grey) 16/3 2020 - 24/2 2022 - 2/3 2022 OMX has created a bottom reverse, iff last low 2/3 stay we have a Mjr bull move coming 3 touch off Mjr trendline (grey) reverse off blue bull fib, (two legs) 3 down turns on MACd breach off 0,236 og 0,618 Entry on any reverse First Mjr. target is 2240 caution: breach off 2051,6215 (0,236) is...
support challenge cluster, something that needs to be pushed through..