Hi everyone,
As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse.
If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400.
The alternative scenario if the price hold the actual level and doesn't lose the bullish chanel we can spect a third impulse.
As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse.
If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400.
The alternative scenario if the price hold the actual level and doesn't lose the bullish chanel we can spect a third impulse.
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