Ibex 35 Bearish reversal - shooting starMás claro, chorizo pamplona.
The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising.
Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.
This means that buyers attempted to push the price up, but sellers came in and overpowered them. This is a definite bearish sign since there are no more buyers left because they’ve all been murdered.
IBEX 35 CFD
Elliott Wave View: IBEX Shows Bullish StructureIBEX Elliott Wave sequence from 12.28.2018 low remains bullish , favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure. The first leg of this zigzag wave A ended at 9361.4 as a 5 waves impulse structure. Wave B pullback ended at 9106.97 as a Flat Elliott Wave structure. Down from 9361.4, wave ((a)) ended at 9204.4, wave ((b)) ended at 9366.2, and wave ((c)) of B ended at 9106.97.
The index has resumed wave C rally higher and broken above previous peak on 9366.2. The internal of wave C is also unfolding as a 5 waves impulse where wave ((i)) ended at 9212.3 and wave ((ii)) at 9123.5 low. Above from there it is suggesting that it is still within black wave (( iii )). Anyway, near term, while pullback stays above 9106.45, expect Index to extend higher. We don’t like selling the Index and expect buyers to appear in 3, 7, or 11 swing as far as pivot at 9106.97 stays intact. Potential target to the upside comes at 9652 – 9771 area where wave C is equal to wave A in length.
IBEX exposed after ECBHere we have a very important flow forming after a soft ECB via revised forecasts for growth, inflation and TLTRO's.
We have reached heavy resistance at 9,280 and a global slowdown will be enough to seriously damage the downside. From a technical perspective this would also satisfy the ABC from the 2015 highs.
On the FX side, please find attached the flow for EURUSD towards 1.09.
Best of luck all those in Spanish Equities.
IBEX SIN SUPERAR ANTIGUA NECKLINETras la activación del HCH, el precio bajó hasta cerrar Gap, allí subió hasta la neckline y activó pullback. Ahora el precio se encuentra subiendo, probablemente hasta la SMA 200 sin que supere, a precios de cierre el Nivel 61.8% de Retrocesos de Fibonacci.
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IBEX On key levels?Ibex flat for a long period of time, actually it looks quite similar as in 2011 and then in 2012 touching 6,065 points. Is it going there again? Maybe no, but too close of. Why? That's the risk for flat assets.
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IBEX35 possible double bottom, still on downtrend. As seen, we're still in down trend. We have witnessed however two close bottoms oct 22 and dec 10. We are also within a demand zone, so keep an eye for 9100 and 9200. If we fall with the rest of the world, keep eye for slightly over 8200's and next 7700's.
Not advice or anything, just an idea. Keep an open mind .
Short Sell Ibex 35 (Spanish Index) Many of the European Indices are entering a bear market (50sma<200sma).
Shorting is difficult this early in a trend because counter-trend rallies can be explosive and rip through your stops.
The TI indicator that Tone Vays uses is brilliant for finding these inflection points when these counter-trend rallies run out of steam.
The Ibex hit a 9 candle inflection and the next candle closed lower.
Potentially we'll go sideways early in the week (I don't like shorting on Mondays/Tuesdays) and after the 4 candle correction we head lower.
A sell order in this vicinity with a stop above the 9, and above the previous TDST line (orange line) as well as the 50 day moving average (how far above depends on your own risk tolerance) presents a good risk to reward ratio if you're targeting the next lows around 8,650.
Elliott Wave: Further Downside Looming For IBEX?Hello Traders,
IBEX short-term Elliott wave view suggests that a decline to 8850.20 low ended red wave A of a zigzag structure. The internals of that decline unfolded as 5 waves impulse structure where black wave ((i)) ended at 9471.20 low. Black wave ((ii)) ended in 3 swings at 9542.80 high. Black wave ((iii)) ended in lesser degree 5 waves at 8971.30 low. Then black wave ((iv)) bounce ended at 9120.80 high and black wave ((v)) ended at 8850.20 low.
Up from there, the index made a 3 wave bounce to 9141.92 high & ended red wave B in lesser degree zigzag structure. Where black wave ((a)) ended at 9021.10. Black wave ((b)) ended at 8986.80 low. And black wave ((c)) at 9141.92 high.
Down from there, the index has made new lows already confirming the next extension lower in red wave C and creating a short-term bearish sequence from 9/21/2018 peak. Where a decline to 8639.70 low ended black wave ((i)) of C. Near-term, while below 8885 but more importantly below 9141.92 high we expect more downside to follow. We don’t like buying it as the right side is to the downside.
No es Bueno Espana!UGHHHH! See that price action from late 1998 to the beginning of 2000? Not Good, that’s corrective behavior. Another European country in a multi-decade market correction. The chart shows a good possibility for the potential pin ball price action over the next decade.
So what is going on here? High Unemployment, Property Bubbles, the Prime Minister is the Tyrannical, Socialist, Fascist Second coming of Franco… Favoring the welfare of an invasion of refugees over the welfare of the citizenry… Have I missed anything?...
IBEX Elliott Wave Calling Rally To Fail For Further DownsideHello Traders,
IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black wave ((ii)) as a Flat structure. Below from there, a decline to 8971.30 low ended extended black wave ((iii)) in lesser degree 5 waves. A bounce to 9120.80 high ended black wave ((iv)). Finally, a decline to 8850.20 low ended black wave ((v)) & also completed the red wave A.
Currently, we are calling red wave B pullback complete at 9140 and as long as the index stays below that level but more importantly below 9668.31 it is expected to see more downside. We don’t like buying it as the right side stamp is lower & calling more downside against 9668.31 high.
Inditex boosted above EUR 25,40 - Medium termInditex is facing a great bullish momentum:
Fundamental:
After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership.
Technical :
-Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level pointing out a recovery of the Spanish Index.
-There is a gap at EUR 27-28 that needs to be covered.
-ITX did not break the FIBO 0,61 level.
Enjoy your trading!
Spanish politicians reduce yield % of IBEX 35BME:IBC FX:ESP35 BME:IBC
Fear, unconfidence, uncertainly and anothers negative sentiment have come back?
Since 2016 we seeing a negative spread between Spanish index #Ibex35 and another European indexes like DY1! #Dax30 FX1! #EuroStoxx50 FY1! #Stoxx600
December 21st, 2015 starts the negative performance of the index (Starts RED BASELINE on daily chart), one day after the mixed results in that first elections.
Almost one year to elect a Mariano Rajoy as a president after many elections and hours to discuss to "nowhere" in parlament congress, finally October 29th 2016, Rajoy got the votes to have investiture.
On 14 June 2017, FIRST motion of no confidence in the government of Mariano Rajoy requested by Podemos after a string of corruption scandals, was defeated 170 to 82, with PSOE abstention.
Then came the Catalunian crisis on second semester of 2017 and STILL continues, with many former funtionaries in jail, anothers in exile like Carles Puigdemont former Catalunian's president of Generalitat.
Finally on 25 may 2018, SECOND motion of no confidence requested by main oppositions party (PSOE)... starts a new political crisis increasing the negative performance reaching maximun levels again...
Adittionaly, context may not help= Italy case, bonds, ECB politics, debt, euro weak...
www.bloomberg.com
www.bloomberg.com
Positive expectations in European markets #Ibex35 Spanish indexBME:IBC FX:ESP35 TVC:IBEX35
After the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the week's maximun (9806)
2) American futures indices $SPX $YM $NQ DJ:DJUS broke out thru the falling triangle today but still waiting to see the close. European markets are affected by American futures positive & negative about #TradeWar, #ColdWar, #Tariff
3) Volatility is low now but you know what happenned with bad news #Trump #Tariffs #TradeWar #ColdWar
Excellent opportunity to consider these markets also:
XETR:DAX INDEX:CAC INDEX:MOY0 FY1! SX5E
Careful to be too optimistic there are doubts about issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Big picture:
European markets could break out resistances DAX30 XETR:DAX DY1!
Supports levels (11700) had worked and futures ended in positive territory
Positive expectations in the European markets, after the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Good news DY1! broke out thru the falling triangle today.
2) 100 EMA is the closest resistance level to observe.
3) Yesterday & today american futures indices closed in positive territory ES1! and still continue, careful to be too optimistic there are strongest resistance levels here that could affect.
4) Volatility is LOW now but you know what happenned with bad news #Trump #Tariffs #TradeWar
5) Above the 20 EMA, still remains 3 strongest resistances: 50 EMA , 200 SMA & 38% fibonacci return, .
Excellent opportunity to consider these markets also:
XETR:DAX BME:IBC CAC
Affected by American futures positive & negative about #TradeWar, but after all many experts believe that these announcements are a door to open negotiations or the real effects of these anouncements will take some time, but will see..
Big picture=
finance.yahoo.com
European markets looking for a green close DAX30 IBEX35FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC
European markets looks good after a negative open and leaving behind the minimum of the session they are seeking to reach important supports. FX:GER30 have resisted and maintained the 12000 support.
US futures ES1! point to a slightly bullish opening, so that European indices are not affected by Chinese tariffs directly or with collapsing technologies, point to a positive close.
Excellent opportunity to buy in these markets: FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC
finance.yahoo.com
IBEX 35 - THE START?Hey Guys,
Look for any buy set ups since we are looking for upside in the IBEX 35. Check my past analysis to understand the general structure. I predicted the last uptrend impulse.
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Hey Chicos,
Busquen cualquier oportunidad de compra ya que buscamos recorrido alcista en IBEX 35. Chequead mis anteriores análisis para entender la estructura general. Predije el anterior impulso alcista.
Carlos