Hello trader! Today I present the technical analysis from the perspective of "Elliot Waves". Although there are several ways to count, in all cases my perspective is bearish or at least wait for the station to provide more information that leads us to think bullish. There is a yellow count with some numbers inside a circle where I think that if the price of the...
According to the application of Elliot Waves Theory; The count shown in the grafic of ALSEA indicates that we still bearish. I believe that there is still a long time to see a bullish ALSEA.
According to the application of Elliot Wave theory; the count shown in the graph indicates that we are still bearish. Sorry for de "LONGERS guys" but, we haven't reached the end of the bearish path. I think that after reaching a price close to $ 48.78 MXN, we will continue short. To finish the wave (III), I like the $ 16.73MXN (0.618 Fibo of the wave III)
According to the application of the Elliot wave count to the AMX station on a weekly chart; We found an important area according to this temporality to review the development of the structure is between $ 20.36 and $ 21.75 MXN. Simply a "Pay per View" zone. Remember that the market will give us clues to get to know the price development that will have the wave...