A bullish rally is about to start on the spanish index. The famous ibex35 is in its way of a major wave III with a very clear continuing diagonal triangle at wave II.
Bullish positions till arount 9000-9150 and then get ready for the wave IV to come, probably on a sharp rally due to elliots wave alternation rule.
Maybe we there is a fair chance to be involved in...
USDCAD is possibly ending its 2nd wave with its retracement to the 50% Fib level (RSI indicates oversold) which could be the beginning of a strong rally to the upside into the supply zone where profits will be taken. I will wait for price to break the 61.8% Fib level or strong engulfing candle to confirm rally to the supply zone.
Crude Oil is currently trading around the 38-39$, as weekly bias for this week remains bearish as long as we are below 42.14 - 42.83 Pivots as Crucial Point with fibo50%.
a move up above 43$ would be a bullish signal and indicative of a resumption of recent bullish gains.
* Im not trading this , just internal use*
Once upon a time their were a bull and a bear in a forex bar. The bear and the bull got into a fight. at first the bull was wooping the bear ass but the bear came back with hay makers himself. The bull put up a pretty solid fight until the bear got news that if knock down the bull he get free drinks all night. so the bear knocked his butt down. little did the bear...
