SWED closed the week just above Fib 61.8 in a double top. The three waves from the bottom was only short covering in my opinion so far. Beginning of week April 29 will show if that short covering is over or not. Be prepared to short this top because the main trend is down.. SEE DAX ABOVE since it closes 4 hours later and use to trade like SWED. Especially 15 and 5 minutes charts

Swed day Friday close. See double top.

SWED 2 hr. Watch this diagram closely. here you see all the R and S points for the trend. Click and study carefully. So far it looks like a correction in three waves only but we will probably know next week.

SWED 1 hr. It looks a little bit difficult to rush above the top

SWED 15 min. Do not seems to have the base for a rally above top which is a main long term double top but we have to wait and see.

SWED 5 min. Trend is up. SWED closed Friday at 17:30. DAX traded until 22:00. See what happened to Dax after SWED's close in chart above.

SWED day bar. The 8 MA has just turned up and the trend is above the falling 34 MA. Technically this is very much overdone on upside and a re treatment must come soon this chart tells me