SPAIN35CFD trade ideas
IBEX short 30 minute chartIBEX35 30 minute chart.
We see the red dotted traversing resistance line (once a support level) coming into play here. This level has disciplined the price (since 2012) whenever price has come into contact with it and has controlled price action steady through the last 8 years.
We go short as stochastic (not shown) is in overbought territory and we're hitting both the red dotted long-term resistance line and the regular resistance line of 9809.1. I also see what looks to be a bearish butterfly pattern formation. As always, wait for price action (to sell, in this case), and manage your risk.
Have a great Friday trading, and enjoy the weekend. Best wishes.
All comments welcome.
IBEX35 - long on support2.01 R/R long on the IBEX35 - 15 minute chart
We have a double bottom formed. Of course, if candle closes below, that is invalidated.
Stochastic in oversold territory, Ichimoku signal in red (waiting for the signal to rise).
T.P. 9561.4 approx
S.L. 9297.3 approx
(I say approx because of different brokers).
Best wishes trading this week!
All comments welcome.
Spanish Markets Fundamentals and Technicals Point HigherWith the supposed China "phase 1" deal being agreed upon...even though when no actual facts are really being presented and now the Americans are claiming it will be signed mid January...the trade has still been risk on.
Markets globally liked the news as some uncertainties dissipate and we are set for a Santa Clause rally.
I like what I see in the Spanish markets, the Ibex. I believe it generally is lagging behind some of the Asian markets, the American and European markets.
Remember folks, it is not about forward guidance. There is nowhere to go for yield anymore except stocks in this environment where central banks keep interest rates artificially suppressed.
As a fund manager, you cannot be in cash for a long period of time. Your clients pay you for yield. Bonds yield very low...way below the pension fun targets of 8% and they historically are heavy fixed income...not anymore. Real estate? Property taxes do bring yield down and most funds do not want to become REITs. Some say cryptos but that would only happen once it gets regulated. No fund manager would put clients money in cryptos knowing that exchanges do not have the money to pay you back if Bitcoin goes higher because legally, they do not need to since they are NOT regulated.
Stocks are the only place to go, and I think these markets that are lagging will be attracting money chasing yield.
The Ibex has been in a downtrend with lower highs and lower lows. We then began to base long term and even created a double bottom pattern. You can see that this range was composed of trends and a head and shoulders pattern we traded in the past.
Recently, we created a larger head and shoulders pattern which I find very interesting. With todays daily break, which is strong, the trade is triggered.
We are looking at the 10,000 for first tp.
SPANISH INDEX UNDER WATCH. PENGUINS SPECULATE :) ESP35 7/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
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Thank you for your attention,
GOD BLESS U ALL!
ESP35 Broke weekly trend line!!!Here got a beatiful set up with a lot of possibilities for a super swing ,we got a break and close above the descending TL that lines up with that AT 38% fib and if we zoom in we got a nice bullish candle pattern and all this after the higher timeframes finished the 5th wave indicating a possible trend reverse that seems to be confirmed after a new weekly high was formed last week
IBEX35decision coming this quarter if ibex can close above 9381 we can look for further upside till 10.000-10.200-10600.
If we reject this coming week in this level we have support around 8810 but will make more sense take all the liquidity below the swimg lows marked with X.
decision para este trimestre en la bolsa española , si el ibex consigue cerrar arriba de 9381 podriamos mirar una rotura con potencial hasta los 10.000 - 10200 y 10600 como swimgtrade y zona de cojer profit.
en caso de rejeccionar esta semana en este nivel , tendriamos un soporte en 8800 pero seria mas tentadora el corto como swimgtrade e ir cojiendo toda la liquidity debajo de los swimg lows que he marcado con una X
att : m0byy