The bullish failure swing has played out on OMXS30 with a $325 move. We now are setting up for the Bearish failure swing. The daily candle is starting to look like a gravestone doji. If the RSI stays below 87 the short entry failure swing would be when RSI crosses 73. Price should be close to crossing down $2370.00 when the RSI short entry would trigger. My first...
This is an example of what an RSI failure swing looks like. I show on the chart how to enter the strategy, when to exit and ways to find a stop loss. This example is shown using the 9 period RSI. You can play this strat soley but i prefer to play them after a divergence has formed for more confirmation.
I see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶
I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over.
I believe the economic...
I think omxs30 is the toughest graph to predict and therefore i want to predict it and see if i can one day become the worlds best investor.
My target for omxs30 is 400
I´m still bearish as long as it does not brake the box. It has a big resistance to brake here, and the war is not over yet. I´m currently on the sideline, and have sold all my bear since yesterday. Let´s see how it goes. OMXSTO:OMXS30
last mjr lov (grey) 16/3 2020 - 24/2 2022 - 2/3 2022
OMX has created a bottom reverse, iff last low 2/3 stay we have a Mjr bull move coming
3 touch off Mjr trendline (grey)
reverse off blue bull fib, (two legs)
3 down turns on MACd
breach off 0,236 og 0,618
Entry on any reverse First Mjr. target is 2240
caution: breach off 2051,6215 (0,236) is...
This is my view on OMXS30.
It might have entered stage 4 which gives us a possibility to short the shit out of it. OMXSTO:OMXS30
There are some resistance that it needs to take out so lets see how it plays out!
I have a strong believe that it will be one more push down to try to push under 2200. if so it's an great opportunity to go long set the stop 2150 and let it run for at least 5month of bullrun.
EW 5 is what is going to be in play then. especially if we can break up over 2300.
Buy 2250-2180
Stop 2120-2070
Belive we are going 2 days in sideways moves to lure the bears into the trap, Monday tought 2022-02-07 bull untill Us will open and drag us down. belive we will have a strong bull day at latest Wednesday, The elliot may not be correct labeling but i belive more in the formations it leaves and not the labelings of each move. Im bull midterm, long term after bull i...
