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IBEX 35 Index
Short

Island reversal still intact

By MoodandMarkets
From 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.
Elliott WavegapislandreversalSupport and ResistanceTrend Analysis
MoodandMarkets

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