I see a good chase to long here based just on TA, so dont take as investment advice.
- OMXH25 has broken out of a falling wedge
- It has broken out of the channel
- While breaking out of the channel it formed a bull flag
- MACD Bullish div supports further growth
2017 also saw a drop, but instead of a falling wedge it was a megaphone pattern with bull div and a...
We can see Ethereum still in downtrend, but with a glimpse of hope for breaking up. Upper band has been tested twice and price has not fallen far from the upper band suggesting a third test, thus also forming a flag. The third test if succeed could validate the cup&handle setting target 80 pips higher from current levels, 180 acting as resistance, 200 as...
... Before finding a convincing bottom.
Listed Spain, Fance, Germany, Denmark, Sweden and Finland divided by 6 and by euro index.
Not trading advice, just an idea to see new points of view to the situation.
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.
As seen, we're still in down trend. We have witnessed however two close bottoms oct 22 and dec 10. We are also within a demand zone, so keep an eye for 9100 and 9200. If we fall with the rest of the world, keep eye for slightly over 8200's and next 7700's.
Not advice or anything, just an idea. Keep an open mind .
Just a possibility based on fractals, and fractals alone on this analysis.
-If we bounce on weekly from current levels, there is a chanse we're repeating the fractal.
If you want news on why this would be the bottom or why this wouldnt be the bottom there are plenty of sources in other analisis out there as well as great news on for and against.