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Ibex35cortos

#IBEX35: Third COVID-19 wave coinciding with bearish bat patternSome regions of Spain have hardened anti-covid19 measures in order to stop (not even reduce) the contagion. For example, Catalonia's new measures are municipal confinement from the 7th to 17th January, with shopping malls and gyms closed. However, EURUSD getting higher might seduce investors to invest in Spain, a strongly punished market since March 2019. From a technical perspective, a bearish bat pattern seems to have taken place and I expect the index to close it at 8500 level around January 18. Happy new year everyone and feel free to comment!
TVC:IBEX35Short
by alexinve
IBEX the growth of Spanish stocksIBEX the growth of Spanish stocks IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange. In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price is correcting this downtrend with a Double zigzag pattern which is formed at the end of the X wave, in an Ending Diagonal pattern, if the price crosses through the range of 7018, which is the end of Wave 4 of this pattern , we can be hopeful for the advent of an uptrend for the targets 7654 and then 8456. On the contrary the assumed range of this analysis would be 6329
TVC:IBEX35Long
by NirmataFX
ridethepig | IBEX📌 Another example of the erroneous breakdown, a very similar position to DAX, CAC, FTSEMIB and STOXX. We can see how clearly the virus is leading the equity board, as Spain were the first to enter back into the second wave the prevention of a freeing breakup is being made possible via the important loss of diagonal support. "Sell weakness, and even more when the lows are untested in an environment which can be described as very similar to the original protection. The fact that we are technically well placed when it comes to sub 7,000 we should express dramatically more weakness in Spain and play another test of its lows". As usual thanks for keeping the feedback coming 👍 or 👎
TVC:IBEX35Short
by ridethepig
6
IBEX35 EXTREMELY BEARISH SCENARIODear 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***
TVC:IBEX35Short
by BeniGo
Ibex 35 abandoning bullish channel from 01/01/2019Trade war tensions made the markets tumble this Wednesday. Ibex 35, which is gaining volume (Cumulative Volume Indicator CVI was used) every week, has abandoned bullish channel started at the beginning of 2019 and continues its downward trend started back in May 2017. From a long term point of view, the end of this week will be critical to establish a correct position on it, either bullish if it gets back in the bullish channel or bearish, if it gets further away. One thing is for sure, from a short-term point of view the "Sell in May" prophecy period is also ending this week as May ends and the index could experience a bullish reversal the first days of June that won't last for long. All in all, long-term is bearish and short-term might come with some volatility surprises.
TVC:IBEX35Short
by alexinve
2