I would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here. I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence....
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Lower low. Following the arrow nicely, so far. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively...
OMX down from the daily opposing GZ (pastel red fib). The double bottom at 1910 wasn't supportive enough. We are currently well established in algo shorts, headed to at least 1770. Market conditions are bearish with the VIX threatening all risk assets like never before since 2007. Please like and share if you appreciate this market update. We are algorithmic...
VIX and DXY within uptrends: the environment is bearish for risk assets, and quite particular. A VIX-plosion would trigger a flash crash in risk assets and invalidate several EW counts. So far, the correction has been structured in indices, OMX included. We are currently trying to double bottom but the final destination for a bottom is unchanged: the 50%...
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The OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise...
DSV - Intraday - We look to Sell at 1415 (stop at 1496.5) Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at...
OMX pullback looking healty with a bounce at 200 ema.
Short term trend for OMX looking bearish. Looking to alter some cash and pick up HSTECH.
No idea what is this stock but it is very technical. Clean impulse with an extended 5th in W3. Hidden bull and weekly RSI bull market support. There is a possibility that the bottom is in and that we are still within subwave III. We broke the opposing GZ short and are now sitting on the GZ long. Nice iH&S pattern. 4H RSI bull div with a double bottom. Please...
Melt up is here just like in 99/01, only question is for how long can it go on? I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300. Be careful out there, i'm starting to cut down on positions from here.
The Nordic indexes have struggled this week along with the USA. However, I believe we are in for a treat the coming week as the market relaxes! We had a beautiful bounce on the Fib (0.618), and with a close in the range 55-60 today I believe that we would continue to move upwards. If you have any questions please let me now! Best regards, Widtrade
CREADES is headed towards key resistance levels after 7% drop this Friday. * Divergence showing * Two conjoining resistance levels. * Channel has good height.