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.
Tenaris SA manufactures and supplies steel pipe products. The company engages in the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. Tenaris was founded in 1909 and is headquartered in Luxembourg.
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