Today we are going to focus our article on the analysis of the and their possible route. Regardless of the Thursday at the hearing of the European Central Bank (ECB), there is a pattern chartista that we projected approximately 8400 points.
If we look at the hourly chart, we see that after the structure long that took us to the fifth wave to the 9.110 points, we started a correction proportional to that, for the moment, we understand that is in development.
The idea that we have is drawn on the graph, where we see a wedge corrective classic, to initiate a second leg to the low of similar dimensions to the first, which we lead, as we have said before, to environments of 8,400 points. That level represents a major support of the price, where in the past we have seen a lot of buying pressure.
There may be waiting for the professional to turn long again.
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