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IBEX35 PRIMARY ELLIOTT WAVE - WEEKLY

TVC:IBEX35   IBEX 35
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 NEXT IMPULSE TOWARDS TO (3) FROM THE NEW MOTIVE PRIMARY WAVE.

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