CFD Trading Charts

Swiss20 Technical Analysis Report 08 December, 2020

  • Swiss20 reversed from multi-month resistance level 10500.00
  • Likely to fall to 2236.00

Swiss20 index continues to fall inside the sharp downward impulse wave (i) which belongs to the impulse wave 1 which started recently when the index reversed down from the powerful multi-month resistance level 10500.00 (which has been steadily repeatedly the price from the middle of July as can be seen from the daily Swiss20 chart below) – standing near the upper weekly and daily Bollinger Bands.

Given the strength of the strength of the aforementioned resistance level 10500.00 – Swiss20 is expected to fall further toward the next round support level 10000.00 (which is the calculated price for the completion of the active sub-impulse wave (iii)).


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