As you can see in the graph above we are in a bearish pattern with accurate support and resistance, It is important to note that the very long trend is a downward trend, but the short trend is precisely an upward trend! Our recommendation for this index is buying until resistance Buy Spain 35 Entry Price: 9190 Stop loss: 9050 Take profit: 9400
Long IBEX 35 @ 9,373; TP @ 9,780, SL your choice
BME:IBC FX:ESP35 BME:IBC Fear, unconfidence, uncertainly and anothers negative sentiment have come back? Since 2016 we seeing a negative spread between Spanish index #Ibex35 and another European indexes like DY1! #Dax30 FX1! #EuroStoxx50 FY1! #Stoxx600 December 21st, 2015 starts the negative performance of the index (Starts RED BASELINE on...
Spain Index sitting at resistance level and trying to breakout by forming a bullish candle. We will see in time if its a fake bullish engulf candle or a real body breakout . A clear breakout will determine whether it is set up close the gaps formed above or will it fall back .
Big test for the Spanish index in the next weeks. 9990 Area holds a strong resistance together with fibonacci level. If it breaks it's a big bull!
One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last...
IBEX35 is in a good uptrend on daily. Now it is in the middle of a correction for a potential wave up. If it fails breaking the upper trendline i'm expecting a strong breakdown.
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,...
A bullish rally is about to start on the spanish index. The famous ibex35 is in its way of a major wave III with a very clear continuing diagonal triangle at wave II. Bullish positions till arount 9000-9150 and then get ready for the wave IV to come, probably on a sharp rally due to elliots wave alternation rule. Maybe we there is a fair chance to be involved in...
A nice swing trade guys, we should be looking at lows of 8000s in the coming weeks. Enjoy and good luck
I am sure , ibex35 is doing a pullback and later down again. Sorry for my english.
Downtrend continuation for IBEX 35. wait a little for the break