Not so much to say looks to me a triangle formation, is hard to predict what to expect after wave E (if im right), either a big rally as a continuation of the uptrend or a big downfall.
Bitcoin should found support arround the area 20k to 15k: channel, pivot area, MM200 weekly and RSI (oversold) should make it so hard to break in the near future. The downside pressure could continue until RSI break the downside tendency.
Llike S&P 500 nasdaq is on the upstream channel from a tendency of 2009~.
S&P 500 is facing a major resistance (logarithmic chart) and RSI divergence looks so confident.
The trend is fighting with a resistance and 50$ will be a trouble, stop loss arround 51,52~ dont risk too much on it.
The uptrend looks corrective, the chances of a big wave short are high. I expect the uptrend to end with a false break of 15000~.
Triple divergence RSI, MACD daily is weak for longs. The channel is a resistance.
Ibex long movement looks corrective so the odds of a continuation of coronavirus downside are high.
After that big upside movement the chances of a correction are high and the profit/loss rate is so nice for us. (10000, little channel and pre-coronavirus top should do their work).
Inditex is doing a pullback to 200 moving average, so the profit/loss rate is so nice. Stop loss arround 27€ so we dont risk so much.
As tittle said looks like ibex is doing a flat wave, so there is a nice risk/profit ratio. The channel and 10.000 should be a big resistance (I expect there a big wave short)
Ibex is fragile right now, shorts have a nice chance at this area. Objetive 8800/8700 (61% of the wave).