SSMI (Swiss Market Index) LONG setup (H1/H4)Hi, traders!
Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6.
This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal).
It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW.
Good luck and profitable week!
SUI20 trade ideas
SMI20 (Swiss Market Index) LONG projectGreetings, traders!
TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V.
If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity.
GL All!
Trend ContinuationThe Swiss index has been in a bull trend in the last weeks. The Swiss Index is convergent to the USD/CHF, CHF has been weak this days because the unemployment
grew from 3.3% to 3.5%. So , I m trying to go long in a ABCD pattern. My entry is at 8290.95. My stop at 8226.94, and my targets at 8353.10 and 8403.09