5th bearish wave in progres@CABKEuropean Banking scenario is quite unstable and untrusted. If the crisis situation on the EU zone wasn't enough add breixt to that. This bank Caixabank (CABKE) is actually catalan bank, where and independency process is taking place. If that will take place in fact is somethong nobody know right now. But this is another element of turbulence.
Despite of that. From an EW point of view a long term bearish correction is taking place since 2015. In the short term a ii-(5)-5-c wave is in progress. T
MTSE Buy signal following bullish trend#A-MTS afternoon Comment: Following a higher surge during the EU session this morning. with the pair gained nearly 21 cent. The #A-MTS pair continue's to move up in a strong BULLISH trend as it did for past - days ( view Daily chart above ).
On the other hand. #A-MTS is holding well above the long term 200 days simple moving average (that's why we dont recommend any short trades on the #A-MTS for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation
Mid term bearish un last Wave#Brexit has confirmed some bearish trends that were making signals. This still has a bearish path, a price of 17.82 cancels this analysis. For sure a good place to buy would be 13.47 but get to there will take some time maybe a couple months from now.
there would be finished the mid term bearish wave and a 5th will be in develop























