MAJOR WAVE III ABOUT TO START AT IBEX35 (spain index)
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, everyone who had followed my last charts would have bought at a super succesfull low risk entry points: we're still getting ready for the major wave III to come.
P.D: you will notice to way of counting the waves: both of them told us the same: Major wave I is done and we should expect a dip before the next major wave starts.
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, everyone who had followed my last charts would have bought at a super succesfull low risk entry points: we're still getting ready for the major wave III to come.
P.D: you will notice to way of counting the waves: both of them told us the same: Major wave I is done and we should expect a dip before the next major wave starts.
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