SMI on monthly timeframe has created an upward trend channel with a supporting trendline too..... on 4H timeframe it has formed a clear bullish 5-0 patter with no intentions of respecting the supply zone..... So yah its still going long for long time..
SMI has a bias of 1000.00 but there is a support area 10258.08 to note.
But zone 10200.00 has potential to bring price further down.
The RSI 42.36 for the 57.79 Cross, suggest 10500.00 to be the active supply zone. Alright then that's it for now, we have done some set-ups, let's see how they do.
Many Pips to you, -all the best.
At this profile page, the...
Something is happening within the Swiss equity markets!
There are two technical analysis signals which are bullish:
1. Monthly bullish engulfing pattern (2-candle chart figure, where the second candle overlaps the body of the first candle)
2. Price have not broken the long-term support level. The trend has started from 2011 closed prices and is still on!
salut les amis
le graphique journalier de cet indice montre qu'il va connaitre une tendance haussière dans les prochains jours mais il être toujours vigilant du changement vers le sens opposer
merci de s'abonner pour recevoir plus d'analyses
SMI has finished or is very near to finish its primary wave 2. After wave 2 is finished, wave 3 down should lead the index to new lows. If the index crosses down 9,380 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
The Swiss index is tracing down super cycle C wave that should bring down its prices below 6200. There would be opportunities ahead in counter-trend moves, but the long-term is down. In the shorter timeframe the index is on the final stages of intermediate 2 up. After it finishes, wave 3 we bring the index to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.