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IBEX 35 | Corrective structure about to endWell... This chart is a difficult one. We have a long term bearish channel and a mid term bullish support (Acting like a corrective structure) We also have in the short term an inversed flag/corrective structure that could end both ways, being broken upside or downside. Anyway as it's an inversed flag it should break downside wich means bullish mid term support must be broken. We could spect a new wave downside if this happens so my decision on this chart is... Short on breakdown and if breaks upwards, short on top of the channel. Regards and happy trading!
FX:ESP35Short
by UnknownUnicorn129775
$EURUSD Wolfe Wave, Eyeing Point 5Hello Traders, Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete. If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND hit the 5' line off of point 3 look for an exit at Geo's Off-Set rule at point 4. -Chartistry
by GWaves
8
EURUSD Brussels Attack Caution - H4 bullish divergence RSIEURUSD Brussels Attack Caution Just a short technical assessment: I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14. Be cautious! This is a grandchess day. Whenever this happens, the major players on this planet make their moves! Don't trust the media! Cheers, SinatraFX
Long
by SinatraFX
2