We have seen  a fall in the Swiss 20 index from the last couple of days , now at the end of the fall we have seen an exhaustion gap.

Exhaustion gaps are found at the end of the trend. at a lower level index has formed a doji which suggests the buyer and seller are not ready to give away the position easily . Which suggests confusion between buyer and seller .After a doji was formed a hammer was seen ,Hammer suggested a short term reversal . This has been followed by the index . The index is trading near the resistance zone made by the exhaustion gap . If the index is able to close above the resistance zone for two consecutive days a buying opportunity can be seen .

Advice : Buy the index if it closes above the resistance zone for 2 consecutive days .

SWISS20

Oct 12 2021