Palmtraders
IBEX35's NEW CYCLEHi Traders!
This is my analysis on IBEX35.
I think we are already going up for a new cycle, actually we are going for the third wave in it!
I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion.
We are looking now on smaller timeframes for buy set ups!
Carlos
MONTHLY OVERVIEW IN USDCADHi Guys!
In the Palm Traders team we are looking for a big sell in USDCAD due to this Primary Cycle.
We are going down from where we think it's the ending of a primary corrective structure (ABC).
We had a reversal and now a flag consolidation, so we will be paying attention to smaller timeframes to enter a short position and get a few hundred pips!
Carlos