OMX30 Intraday SHORTMore and more bearish bars on the Daily chart and the latest bull move didn't cross the 9MA on the RSI (bounce) suggesting loss of momentum. Looking for a short intraday retracement to 1740.
OMXS30 trade ideas
OMX30 entering strong Supply Zone + divergence on RSIOMX30 is now entering an established supply zone and a big resistance zone with loss of momentum producing a divergence on the RSI.
omxs30 will just go up from here! OMXS30 will just go upp from here!
--always a risk, do risk manegement
3:d day in a rowOMXs30 has been one of the biggest hit since the start of the year. Bullish for more than 3 months in a row. Until May when the shock came that the currency of Sweden got lower and had an impact on Swedish tourism outside Sweden. We couldn't such that they caught us telling that traveling outside Sweden would be a loss. Which then gave a comeback that OMXs30 now have been bullish since that bearish peak.
For now such that the swedish currency is low and that imports now i more expensive than before since May. Might look like the export is a better way and active money spending in investments have a turn around for what the budget for a nice weeked or more in Thailand "common for a swed to travel" no have their budget to expand and build a higher on for next comeback of the currency.
OR autumn as is has that the centralbank will come with THE report that has us all under for what the market as a whole will be in further notice. Since ECB didn't touch the rent.
What to wait for, OPEC and the Oil report in June. Anyway, there is a volatile summer that comes and there is more to make of.
GL with your trading and thanks for the view.
// F1SH
OMX 30 – Approaching All time high.Neutral bias and bears can look for potential shorting opportunities around the multi-year resistance.
Bull OMXSFin bullish trend på OMXS, definitivt long här, hade en bulback idag men om man kollar på RSI(2) visar den att den är översåld. Man kan enkelt dra fina trendlinjer ! Fin chans nu när den haft pullback !
OMXS30: Monthly - Gann Resistance LinesOMXS30 is forming resistance around the current price of 1544 with target 1385 and lower towards March month.
Updated "OMXS30 the coming days"This is the updated idea regarding OMXS30 the coming days. I moved the waves one step forward (incorrect wave-counting) and increased the area where the reversal could happen(the new area takes into account a couple of swing-highs). This is because other indices have already reached fib 0.618.
OMXS30: 4H - Fractal - Targeting 1260 towards 2019-01-21Bearish Fractal that has been forming since December 2018 with overbought RSI it is now ready to move lower towards 1260 and the 2019-01-21 low-point.
