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WIG20 Index

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WIG20 trade ideas

WIG20, Daily, 1-Hour H&S and Weekly Bearish CandleThere was a big rally on the WSE recently - 16 green Heikin Ashi candles in a row. Now it's time for a continuation of the downtrend or, less likely, a correction in the new bullish trend. Why? There is: - an important supply-resistance level - a supply zone - 1-hour confirmation - Head and Shoulders formation - weekly confirmation - an ending bearish candle and USDPLN entered the weekly support zone. Rather, the price will fall from these price levels otherwise, there is a chance that the upper zone will be tested. The first target: the lower zone. The second target: 2020 low. See also related ideas.
GPW:WIG20Short
by MichaelFX_ICT
PL INDEX / WIG20 / long term setup / bearish*** long term setup *** suggest small position only *** Main Polish index = WIG20 [including GPW:CDR / CDPROJEKT] Shooting star has been confirmed by bearish candle which was closed below previous. Believe that the price area around 1700-1800 will be tested once again in order to accumulate long positions . Polish index is one of the last which have not reached price level from the time before Covid. Enjoy your trading! Brgs, Capt. Kamil
GPW:WIG20Short
by Capt-Kamil