BullmarketFX

ESP35 long setup

Long
FOREXCOM:ESP35   IBEX 35 Index
ESP35 we have a nice M formation from a daily perspective we expect the pattern to complete at the neckline. Still to early to look for an entry everything is still bearish on lower timeframes from a indicator and price action perspective we are waiting for a change of environment and a change of market structure on the lower timeframes if market will give us this and our rules are satisfied we can be looking for a nice long.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.