IBEX 35. SPANISH INDEX.
NOT REALLY CARING ABOUT THE NEWS RIGHT NOW, JUST LOOKED INTO THIS PERFECT PRIMARY 12345 ELLIOT MOTIVE WAVE FOLLOWED BY A PROPER XWY CORRECTION.
WXY STRUCTURE IS BROKEN BY AN IMPULSE. PROBABLY A NEW PRIMARY MOTIVE WAVE. LET'S WAIT FOR IT TO REACH 2 (COULD BE ALINED WITH PAST SUPPORTS AND WITH THE FIBO 61.8 LEVEL) AND THEN WE CAN TRADE...
DOWNTREN IS OVER IN EURNZD. ANALIZING THE BIGGER TIMEFRAMES WEMAY HAVE A LONG WAY TOWARDS TO THE UPPER CORRECTIVE STRUCTURE. YOU CAN DO THIS SMALL TRADE BY NOW, IT REALLY LOOKS GOOD.
CARLOS
HERE'S A SIMPLE ANALISIS THAT COULD TURN INTO PROFITS! I AM LOOKING FOR THE BRAKE OF THE TRENDLINE AND THE HORIZONTAL LEVEL. ONCE IT BREAKS I WILL PLACE A BUY LIMIT ORDER IN THE BROKEN BLUE HORIZONTAL LEVEL.
TELL ME WHAT YOU THINK!
CARLOS
Eur/Usd, triple analysis on Monthly, Weekly, and Daily shows Bullish sentiment, current candles making Higher Highs and Higher Lows on Monthly, and Weekly, currently Eur/Usd retraced on Fibonacci level and bounced off 38.2-50% range area, looking at Daily chart the previous high has been breached now, creating Higher High, the previous high when hit Resistance,...
