La corrección actual del IPC de la bolsa Mexicana todavía tiene mayor potencial. Comparando la baja de 2008 donde vemos un comportamiento muy similar podemos observar que hizo un doble piso en el 2.618 de Fibonacci. Si esta corrección sigue el mismo patrón tenemos un potencial de baja hasta niveles de 39,000. En la gráfica podemos observar la similitud en los...
This might be set for a rebound but trend has been down for a little more than a year, so I would not expect much. If this gets back above the blue doted trend line, it would be back into the longer term up trend.
Then it would be back in the middle term triangle and again wait for a break out either way. This only if above blue dotted line.
This is a difficult one, so I'll take it carefully. Since 2010 they started a very stable uptrend however it seems to me that this trend is about to end.
I take it with caution and one step at a time using the most conservative levels but I would not have any problem shortening it to the area of 41000.
In Mexico there are elections this year however I do not...
As we can see in the structure every down movement has been fast and every upward movement has been slow so i am expecting a fast downward movement soon when fifth wave is completed. I beleive it will come down because the current upward movement seems to be a flat structure 3-3-5 meaning that is only an x in the complete w-x-y-x-z pattern. After the last movement...
We can see a triangle which is a continuation form so im expecting more down and then a retest of the resistance to see if this has been a 2 wave and expect a 3 or its the end the 5 moves to start the 3 wave correction.
On the basis of a Elliott Wave count analysis (following the premises), the Mexican index forecast of the Mexican stock exchange will have a continuation of trend in the long run, confirmed by the corrective pattern of the triangle, could be the continuation Wave 3 in a super count and the triangle a zigzag corrective pattern, possibly reaching 48,000.00 points in wave 1
The INDEX:MXX are in the accumulation zone at the weekly graph, and at daily and weekly graph are close to the end of an uptrend cycle. No more than 45900. this is a nice opportunity to go short or go out for few weeks.
Ideas, comments, corrections.
They are always welcome.
bubble ? We think it is a matter of time for them to lower the stock exchanges , and start the panic of a possible bubble or generalized low for some time . So we'll start selling on different index.
-BroTRaders-
The weekly chart is currently standing at the Wave, with the impulse being blue
On the daily chart, the impulse is green because yesterday we had a sharp move to the upside. Considering the weekly chart, I would say this is a good entry on a ride to the top, at least.
This chart is delayed by one trading day.
