Short

IBEX35 EXTREMELY BEARISH SCENARIO

Updated

Dear Gamblers,

Here is IBEX35, major index in Spain. As you can see, things are getting uglier and uglier here.

Do not get caught in this enromous bullish momentum lately as you might get your ass kicked.

There's no strategy here as the neckline have not yet been broken, but it will, within the right time.

This strategy is no longer available if the index price reaches around 11500.

Happy trading,
Kind regards,

BeniGo

***I am not your financial advisor neither I intend to be, please do your own research before risking your money***

Trade active

This is where I short.

Good luck everyone.

Trade active

Targets to wats closely are 4k 3k and 2k.

It's really soon to forecast, but i might be looking into a HS pullback around 4k, to dump more further on a monthly timeframe.

Kind regards,

Trade active

Seems that IBEX does not want to dump still.

I closed my short with 5.6% profit, and switched short term long position @6700.

Target short/middle term is 8350 which would close the gap left on March and it would be a perfect spot to add up on shorts.

Linked the idea.

Red line is my stop loss, a close on weekly below would be extremely bearish and i would reasses my countertrade.

Happy trading,
Regards,

Trade closed: target reached

Target reached 28% profit.

Regards

BeniGo

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