Hi, traders!
Swiss Market Index*
SMI
formed the bullish wave and appears to be ready for take off to point 6.
This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal).
It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW.
Good luck and profitable week!
Swiss Market Index*
SMI
formed the bullish wave and appears to be ready for take off to point 6. This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal).
It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW.
Good luck and profitable week!
Trade active:
SSMI confirmed peak formation and started its way to the North (and hopefully will reach Arctic Circle soon! :-))
Anyway, after the initial move, the price is currently forming the minor bullish WW. Once successful, it'll ensure the continuation of uptrend:
8 lots opened at 8862/76/81, SL 8744 TP 8981/9242
Anyway, after the initial move, the price is currently forming the minor bullish WW. Once successful, it'll ensure the continuation of uptrend:
8 lots opened at 8862/76/81, SL 8744 TP 8981/9242
Trade closed manually:
The green minor wave was broken and the price almost re-tested the level of point 5.
7 out 8 lots were closed with minor losses. The last position was kept and closed after the price reached line 2-4. Currently, the price is slowly drifting around this line and is not demonstrating clear signs of decisive movement in any direction.
7 out 8 lots were closed with minor losses. The last position was kept and closed after the price reached line 2-4. Currently, the price is slowly drifting around this line and is not demonstrating clear signs of decisive movement in any direction.