OMXS30 RSI Bearish Failure Swing 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 target would be $2298.85 and if we break that level $2155.24 should be next. If $2155.24 does not hold my final target is $1724.57 to close the short position. That would be a $600 move down, so going with a 3:1 risk to reward our stop loss would be $200 above our entry. As always may the odds be in your favor!
