ACX (Acerinox S.A.) 2019 AnalysisHi again,
Just wanted to share another study i have been doing. I've been following this one since the beginning of my life as analyst lol!, so kind of special one. #Acerinox S.A. and another one (which i intend to share with you guys in a couple of days were the first stock charts i analyzed besides Cryptos.
I used to see the price in shorter time frames but after changing my strategies and learning to study markets in long terms, i got a better picture on how could things could go, as usual and as every market, if things don't go straight to hell lol!.
Anyway, #Acerinox has been in accumulation period since October of 2008, you may see it right in chart, and better with the RSI Mirror indicator. Mr. #Wyckoff, Mr #Fibonacci and Mr. #Chuvashov are present as usual, and i've drawn my support lines system (those who have seen other charts i have done will understand what i'm talking about) of every stage to support my fellas systems to know where the market may go from now on. Remember, ghost bars are just a guide of the previous fractal, is not gonna be the same but since i like the fractals study, i like to have it as a mark and compare the differences while the market changes.
So, i hope you find it interesting. As usual, not investment advice, just personal ideas. Trade by your own risk.
This is a 1 month time frame chart, so things are gonna go real slow jeje lol... but i'll try to keep track of it and share sometime in a while to see how my theory goes. I believe it could hit the 40's per stock in the next decade. Let's see what happens.
Cheers!
Charter X
