ccerezo11

IBEX35's NEW CYCLE

Long
TVC:IBEX35   IBEX 35 Index
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

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