FX:ESP35   IBEX 35 Index
Readjusting the elliot count as the movement evolves.

There is an accumulation process going on at ibex 35. Big sharks are accumulatting positions around 8700-8800 to start a major bullish rally. We will have a few bearish sessions ahead till the accumulation is done.

It will be a wave III rally: strong, fast movement and tons of volume .

In worst case scenario, everyone who had followed my last charts would have bought at a super succesfull low risk entry points: we're still getting ready for the major wave III to come.

P.D: you will notice to way of counting the waves: both of them told us the same: Major wave I is done and we should expect a dip before the next major wave starts.
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