It looks like a big head-and-shoulder with a target around -30% to -40% I am being careful to be too bearish when I am doing these analyses. I don't want to be trapped outside the market when it all make a u-turn. Though I am believer of re-tests. If we do a breakout of the last lower-low, I believe that Investor is going to test the previous structure at 140sek,...
OMX are testing important structure, Trendline, Fib 50%. More information at chart.
- Falling Wedge Formation - Great Divergence at 1D & 4H timeframe - Massive support area - Good Risk / Reward ZOOM OUT TO SEE THE SUPPORT FROM WEEKS BACK UNTIL NOW
My analysis of OMX30 - Either bounce on trendline or continue down to next trendline and support. - If we continue to the last trendline I want to be prepared for a Head-And-Shoulder even if it is to early to say right now.