Hello Guys, a nice short opportunity for TENARIS. Daily candle has broken out a multi-month ascending channel. First target at 13.50, where we can visualize a strong horizontal support. See you soon, Simone
Tenaris parece estar juntando fuerzas para ir por la resistencia del 61.8% de fib. un doble piso con divergencia alcista rsi y las medias moviles parecen proyectarse bien
Tenaris is a long. First target at 14.55 Euro
if break up 30.30 this activate objetive to 37 in the medium term if not, the movement going for some time into de bear channel
+Triple resistance break +RSI bullish break +bullish divergence RSI +bullish divergence macd
TS is going to start the fifth wave at same time it execute a posibble cup with handle + bull divergence in RSI + bull divergence in macd (sorry for my english)
Tech analysis based on Elliott wave theory and basic support and resistance figures. elliott wave theory states the following must occur for the theory to be valid: 1. Leg 2 can not retrace beyond the beginning of leg 1 (confirmed) 2. Leg 4 can not retrace further than the end of leg 1 (in motion not confirmed) 3. Leg 3 can not be the shortest in comparison to...
Candle buyers, followed immediately by candle sellers. And all this in conjunction with overbought. It is very important to use Volatility Stop indicator. At this level VIX, is needed.