The Spanish Ibex 35 has turned Bearish, with a break below a key resistance point.
Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.
Target: 6550
Exit if invalidated: 6979
Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.
Target: 6550
Exit if invalidated: 6979
Trade closed: target reached
Target moved down to 6429 due to early breakdown below 6550.Target reached on 28/10.
Profit: $46,000 (300%)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.