SPANISH INDEX | MY GOLDEN SETUPI've been trading this setup almost a year. We have a perfect 0.618 fib retrace.
This could be a bulltrap.
Regards.
ESP35 trade ideas
ESP35The IBEX35 index is aproaching an interesting long term support zone. Let's wait and see what happens from now on.
$IBEX - We the People - Spanish General Election 2016Today we have in Spain the parliamentary elections. These elections will win definitely block of #UnidosPodemos. What does this mean for us? Another exit from the #UE and Catalonia's independence. Poor Europe abducted by german bear! It's time for change!
en.wikipedia.org(Rembrandt)
A signal shows the spanish stock may turn down It may be a good trading opportunity here, if we sell the index around current level.
the triangle is about to end, with the left "shoulder" structure, i would prefer to take a short here.
what do you think???
Short setup IBEX35Wait until 9.550 zone and we can think on sell. Like always much patience to enter!
IBEX 35 | Corrective structure about to endWell... This chart is a difficult one. We have a long term bearish channel and a mid term bullish support (Acting like a corrective structure)
We also have in the short term an inversed flag/corrective structure that could end both ways, being broken upside or downside. Anyway as it's an inversed flag it should break downside wich means bullish mid term support must be broken.
We could spect a new wave downside if this happens so my decision on this chart is... Short on breakdown and if breaks upwards, short on top of the channel.
Regards and happy trading!
About to repeat higher first then down?- Risk 30 points for potentially 180 if the move lower materialize at 8780
- Invalidated if we break above 8830
- Larger TF remain bearish
