Sycnox

Sycnox

Not so much to say looks to me a triangle formation, is hard to predict what to expect after wave E (if im right), either a big rally as a continuation of the uptrend or a big downfall.

Sycnox

Bitcoin should found support arround the area 20k to 15k: channel, pivot area, MM200 weekly and RSI (oversold) should make it so hard to break in the near future. The downside pressure could continue until RSI break the downside tendency.

Sycnox

Llike S&P 500 nasdaq is on the upstream channel from a tendency of 2009~.

Sycnox

S&P 500 is facing a major resistance (logarithmic chart) and RSI divergence looks so confident.

Sycnox

The trend is fighting with a resistance and 50$ will be a trouble, stop loss arround 51,52~ dont risk too much on it.

Sycnox

The uptrend looks corrective, the chances of a big wave short are high. I expect the uptrend to end with a false break of 15000~.

Sycnox

Triple divergence RSI, MACD daily is weak for longs. The channel is a resistance.

Sycnox

Ibex long movement looks corrective so the odds of a continuation of coronavirus downside are high.

Sycnox

After that big upside movement the chances of a correction are high and the profit/loss rate is so nice for us. (10000, little channel and pre-coronavirus top should do their work).

Sycnox

Inditex is doing a pullback to 200 moving average, so the profit/loss rate is so nice. Stop loss arround 27€ so we dont risk so much.

Sycnox

As tittle said looks like ibex is doing a flat wave, so there is a nice risk/profit ratio. The channel and 10.000 should be a big resistance (I expect there a big wave short)

Sycnox

Ibex is fragile right now, shorts have a nice chance at this area. Objetive 8800/8700 (61% of the wave).