GALP
GALP ENERGIA SGPSLooks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us.
Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
GALP short entryAfter a long bearish period was followed by bullish retracement, we would expect to see a continuation of the bearish sentiment around the 61.8% level
