INDEX:MXX   Mexican Bolsa IPC Index
29 0
As we can see in the structure every down movement has been fast and every upward movement has been slow so i am expecting a fast downward movement soon when fifth wave is completed. I beleive it will come down because the current upward movement seems to be a flat structure 3-3-5 meaning that is only an x in the complete w-x-y-x-z pattern. After the last movement down (z) im expecting a new 5 wave movement upward that will break the historical top. To confirm this we need to see divergence at the end of the fifth movement of the flat that is going on right now againts the MACD .
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