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Spain 35

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ESPIXEUR trade ideas

Here is a 1:2.75 RR trade on the SPAIN 35 IndexI love trades with huge risk reward ratio because if they go our way they make us forget about all the loses we have made trading. Can this one materialize? Let us wait and see. This index, like others have been trading higher albeit behind others. It has stopped and the stochastic is overbought I just think we will see price retrace to the 50 moving average before we a price continuation. Entry: Market at around 8342.1 Stop Loss: 8482.9 Profit: 7916.1
SShort
by GreenpointFX
1
#IBEX35: Third COVID-19 wave coinciding with bearish bat patternSome regions of Spain have hardened anti-covid19 measures in order to stop (not even reduce) the contagion. For example, Catalonia's new measures are municipal confinement from the 7th to 17th January, with shopping malls and gyms closed. However, EURUSD getting higher might seduce investors to invest in Spain, a strongly punished market since March 2019. From a technical perspective, a bearish bat pattern seems to have taken place and I expect the index to close it at 8500 level around January 18. Happy new year everyone and feel free to comment!
TShort
by alexinve
IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: IBEX35 H16/candle chart review ::: market disconnected from reality ::: huge surce in COVID cases ::: massive lockdowns ::: economy melting down fast ::: bearish fractal in progress now ::: short-term bullish/more gains ::: HOWEVER heavy resistance overhead ::: 8600/9000 points heavy/final resistance ::: get ready to SHORT from overhead ::: BEARS will take over soon ::: lower risk setup is SHORT ::: get ready to SHORT HIGH later ::: once we hit resistance at 8600/9000 ::: TP BEARS TP1 +15% gains TP2 +30% gains ::: SHORT/HOLD setup with great risk:reward ::: BEARS TP FINAL is 12 400 ::: recommend to SHORT/HOLD ::: recommended strategy: SHORT/HOLD ::: 8600/9000 reversal level to SHORT IT ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 6200 fresh demand zone ::: 8600/9000 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BEARS
TShort
by ProjectSyndicate
IBEX the growth of Spanish stocksIBEX the growth of Spanish stocks IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange. In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price is correcting this downtrend with a Double zigzag pattern which is formed at the end of the X wave, in an Ending Diagonal pattern, if the price crosses through the range of 7018, which is the end of Wave 4 of this pattern , we can be hopeful for the advent of an uptrend for the targets 7654 and then 8456. On the contrary the assumed range of this analysis would be 6329
TLong
by NirmataFX
Elliott Wave View: Impulsive Rally in IBEXElliott Wave view in IBEX suggests the decline to 6552.17 ended wave (1). Wave (2) rally is currently in progress as a zigzag Elliott Wave structure to correct the decline from June 8, 2020 high. Up from wave (1) at 6552.17, wave ((i)) ended at 6797.60 and pullback in wave ((ii)) ended at 6639.80. Index then resumed higher in wave ((iii)) which subdivided into another impulse in lesser degree. Wave (i) of ((iii)) ended at 6800.40 and wave (ii) of ((iii)) ended at 6649. Wave (iii) of ((iii)) ended at 6975.40, wave (iv) of ((iii)) ended at 6887.70, and another leg higher should end wave (v) of ((iii)). Index should then pullback in wave ((iv)) before making another push higher in wave ((v)). The 5 waves move should complete wave A in higher degree. Afterwards, expect the Index to pullback in wave B in 3, 7, or 11 swing to correct the 5 waves rally from September 25 low before Index turns higher again in wave C. As far as dips continue to stay above September 25 low (6552.17), expect further upside in the Index. We do not like shorting IBEX in the near term.
T
by Elliottwave-Forecast