Greetings, traders! TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V. If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity. GL All!
The Swiss index has been in a bull trend in the last weeks. The Swiss Index is convergent to the USD/CHF, CHF has been weak this days because the unemployment grew from 3.3% to 3.5%. So , I m trying to go long in a ABCD pattern. My entry is at 8290.95. My stop at 8226.94, and my targets at 8353.10 and 8403.09