IBEX 35 Index shortBroadening structure. Price closed with strong bearish momentum outside of structure on Friday. Much more downside to come. I see a drop of more than 50% of current price.
ESPIXEUR trade ideas
SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(SWING)Why get subbed to to me on Tradingview?
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SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBEX/SP35 chart review and outlook
::: bear flagging on 4days/candle chart
::: 8300/8350 massive gap fill pending
::: GAP is getting filled and then we are getting
::: a 30% correction in Q3/Q4 2020
::: up to 30% correction next 6/9 months
::: short-term likely more upside though
::: currently trading at 7 000
::: so next 4-12 weeks may pop higher
::: HEAVY RESISTANCE: 8300/8350
::: Recommended strategy: SHORT IT 8300/8350
::: SL 5% TP1 20% TP2 +30%
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
IBEX & CAC40 Short Position Updates from Jul 31 Short SignalsThese trades remain open from the original sell signals given on Jul 31
23:33:15 (UTC)
Sun Aug 2, 2020
IBEX 35, Forecasting a 50% decline for Spanish equitiesIBEX 35 index showing weakness and will probably tank more than 50%.
ESP 35This is my first publised chart but you can clearly see the resisances I'm using. So far successfully.
ESP35 SELLESP35 WILL SELL, STRONG BEARISH CANDLESTICK ON STRONG TIMEFRAME (DAILY). REJECTED THE STRONG RESISTANCE, AND LOOK AT THE 1HR TIMEFRAME, STRONG BEARISH CANDLESTICK FORMATIONS.
IBEX 35Son muchas las variables que atraviesa España, entre las más notables están su gasto público en aumento y el secuestro político de caracter socialista que amenaza el libre mercado.
Esto también refleja como minímo en su indice más importante su descenso de máximos históricos a través de los años.
Año 2007, 15000 pts (La burbuja financiera mundial que tampoco perdono al país vasco)
Año 2009, 12000 pts (Un intento entre el equilibrio del gasto público y el dejar que lentamente la economía sin mayores medidas opcionales, se recuperen)
Año 2015, 10000 pts (Alcanzado equilibrio entre seguir subsidios y seguir con el sueño español)
Año 2020, 9000 pts antes de la pandemia.
Conclusión:
La divergencia de este indice con respecto al Estadounidense o el Aleman, data que independientemente de los aspectos mundiales, la economía española debe entrar en revisión, comenzando por el espectro politico para reformar medidas economicas en pro del libre mercado y generar confianza en los inversionistas y luego tomar medidas no populares pero de mayor sacrificio por el bienestar a largo plazo de las generaciones por venir.
IBEX 35 The rebound on Friday is continuity in this weekly start on European stock exchanges. The next sessions arrive loaded with references and important meetings for the economy, although its absence this Monday leads analysts to point out that this is more of a pending session. With this scenario, the indices take advantage to take a run. The season of results starts already in the US, where the absence of guidelines due to the massive withdrawal of corporate forecasts sows more unknowns than usual in the market. However, the key reference in Europe will arrive on Thursday with the meeting of the European Central Bank (ECB).
Peningkatan pada hari Jumaat adalah kesinambungan dalam permulaan mingguan ini di bursa saham Eropah. Sesi seterusnya tiba dengan rujukan dan pertemuan penting untuk ekonomi, walaupun ketiadaannya pada hari Isnin ini menyebabkan para penganalisis menunjukkan bahawa ini adalah sesi yang belum selesai. Dengan senario ini, indeks mengambil kesempatan untuk berjalan. Musim hasil sudah bermula di AS, di mana ketiadaan garis panduan kerana penarikan ramalan korporat secara besar-besaran menaburkan lebih banyak yang tidak diketahui daripada biasa di pasaran. Bagaimanapun, rujukan utama di Eropah akan tiba pada hari Khamis dengan pertemuan Bank Pusat Eropah (ECB).
IBC - next stop below 6,500IBC continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, intermediate counter-trend wave 2 of primary wave 5 down. The next move should be intermediate 3, where the most probable target is is below 6,500. If prices crosses up 8,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Island reversal still intactFrom the 11 of June, the Island reversal remains intact and now the Spanish index tries to close it. We will see the mission will be a success soon, but what I would like to see is that the gap remain open and the bulls will be closed to the island. So from the red resistance zone at 7600, the IBEX should turn down as I was expected in the related idea.
Closing the gap will open the door above 8000.
Correction CompletedHi everyone,
As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse.
If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400.
The alternative scenario if the price hold the actual level and doesn't lose the bullish chanel we can spect a third impulse.
One of the trade on my mind as Market opens, Approaching SupportIf the price did not surprize with a gap on monday,, could be a good sell
$IBEX35 shorting the EuropeIf you want to short the European tock market maybe the Spain Ibex could be the best solution as it is testing the downside breakout resistance and has retetsted the broken uptrend channel
Any advice?I tried to make my own chart but I'm still new to this I'm not sure if this is correct. I just wanna know if it is indeed a downtrend ;_;
IBEX Largo 7440Impulso alcista con pauta correctiva compleja, formación correcta de la Z y tras varios días rotura con decisión del eje 0, X, ´X, con lo cual espero segunda replica del impulso alcista. Además si sumamos a nivel macro en España y Europa la vuelta a la normalidad del Estado de Alarma, la libre circulación y demás datos de recuperación de la pandemia, todo esto hará que el IBEX retome la carrera alcista por lo menos hasta después de verano.
Spain35 IBEX35 Short ideaOn the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel.
As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7.
*Black lines = daily S/R
