Technical analysis

Swiss20 Wave Analysis 31 December, 2020

Swiss20 Wave Analysis 31 December, 2020

• Swiss20 broke resistance level 10600.00

• Likely to rise to 11000.00

Swiss20 index previously broke above the major resistance level 10600.00, which has been steadily reversing the price from the middle of September, as can be seen below.

The breakout the resistance level 10600.00 accelerated the active multi-impulse upward sequence made out of the impulse waves 3 and (C).

Swiss20 is expected to rise further to the next round resistance level 11000.00 (forecast price for the termination of the active impulse wave 3).

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