Hi Traders!
This is my analysis on IBEX35.
I think we are already going up for a new cycle, actually we are going for the third wave in it!
I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion.
We are looking now on smaller timeframes for buy set ups!
Carlos
This is my analysis on IBEX35.
I think we are already going up for a new cycle, actually we are going for the third wave in it!
I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion.
We are looking now on smaller timeframes for buy set ups!
Carlos
