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OMXs30 has been one of the biggest hit since the start of the year. Bullish for more than 3 months in a row. Until May when the shock came that the currency of Sweden got lower and had an impact on Swedish tourism outside Sweden. We couldn't such that they caught us telling that traveling outside Sweden would be a loss. Which then gave a comeback that ...
Uptrend till Monday With more than 50 % probability. Trade-deal noise?
Bears can look for potential shorting opportunities.
Neutral bias and bears can look for potential shorting opportunities around the multi-year resistance.
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 !
OMXS30 is forming resistance around the current price of 1544 with target 1385 and lower towards March month.
Bearish Divergence on the bottom indicator and a resistance coming up.
Just hit the upper trend line and with a bearish candle.
Fractal copied from the period 2018-01-02 - 2018-02-06
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.