last drop (June-July) before new uptrend as wave 3
Comments
mmehbubani
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Hello Franky! You think it will take that long for the retracement? Since the British EXIT referendum is so near? You don't think that if they decide to stay inside the EU, Spanish as well as other european stock will gap up? Thank you for your reply in advanced!
franky
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Hi mmehbubani!,
firstly, thank you for take your time watching my ideas
Regarding your question, I consider news like you comment are not indeed very meaningfull in the long term pattern, maybe one or several days, but eventually the chart continue their way (look today crude oil after doha meeting, firstly went down sharply but it has recover along the day - anyway i see oil with lower prices than the minimum of January, sharing more or less laox8202 ideas (tradingview.com/chart/USOIL/PihXyjyE-Crude-Oil-Downtrend-start-again/)) The next days I'll try to review my Ibex35 chart including alternate pattern that mainly implies waves [1] and [2] are still part of the corrective pattern
Best Regards!
Fran