One standard mistake aspiring traders tend to make is ignoring continuation trades - looking for trend-changing patterns only. The thinking goes: after a major move up (or down) a retrace must be looming because, ehm, well… it feels like it. While this can be a profitable strategy, it often leaves you burned. Instead, the best … Continue reading 2018-05-09 Sandvik continues to climb
OMX30 still appears trapped in a down-slopping trend. However, after the effectuation of the double bottom, whose second touch played out in April and the break out of the rectangular squeeze, we have been trading higher. At the moment price action is stuck just beneath the 1600-level, the upper band in the negative trend channel … Continue reading 2018-05-06: Weekly update on OMX30, SP500, Euro/Dollar and the cryptos
OMX30 Since early November, OMX 30 has been trending downwards. Since then we have had three, and we are touching upon the fourth, attempts to break out above the 1600-level. However, after two touches on the mighty resistance level around 1500 (the lower black line), price action has stabilised. Especially after the breakout through the … Continue reading 2018-05-03: Update on OMX30, SP500 and Investor
