Short setup in brent crude oil before the wave v begins.
Looks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us. Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
After the triangle we shoud expect a bullish rally till around 58-62. We are in the third wave (iii) within the major wave III. You can also see how the RSI is making a strong bullish divergence
LONG POSITION IN GALP, FROM LISBON. TIME FOR THE PRICE TO COME UP AFTER THE MASSIVE DOUBLE FLOOR IN PREVIOUS MAJOR WAVE. ALSO AN ENDING TRIANGLE. WE'RE ON THE FIRST MINI WAVE WITHIN THE FIRST WAVE.
Ibex35 wave I correction is almost done.
Readjusting the elliot count as the movement evolves. There is an accumulation process going on at ibex 35. Big sharks are accumulatting positions around 8700-8800 to start a major bullish rally. We will have a few bearish sessions ahead till the accumulation is done. It will be a wave III rally: strong, fast movement and tons of volume. In worst case scenario,...
A bullish rally is about to start on the spanish index. The famous ibex35 is in its way of a major wave III with a very clear continuing diagonal triangle at wave II. Bullish positions till arount 9000-9150 and then get ready for the wave IV to come, probably on a sharp rally due to elliots wave alternation rule. Maybe we there is a fair chance to be involved in...