The Index is trading in a very tight channel. The upside seen in the index is a V shape move. If the Index breaks the channel position in that direction can be initiated, A filter has been applied to the channel so if fake breakouts are there we don't get captured in that fake move. If the Index breakout is seen on the downside make sure it trades below both the EMAb and the RSI is supporting if this condition is not fulfilled avoid a short position.

Breakout on the upside should be followed by the RSI, if there is a divergence seen in RSI avoid taking a long position.
The price is trading above both the EMA's and it is supporting the upmove.

The DMI+ is trading above the DMI- and the ADX is trading above both the DMI suggest strength in the move.

Advice : If mentioned conditions are fulfilled enter the position accordingly.

SWISS20

Oct 05 2021

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