ESP35 trade ideas
MAJOR WAVE III ABOUT TO START AT IBEX35 (spain index)Readjusting the elliot count as the movement evolves.
There is an accumulation process going on at ibex 35. Big sharks are accumulatting positions around 8700-8800 to start a major bullish rally. We will have a few bearish sessions ahead till the accumulation is done.
It will be a wave III rally: strong, fast movement and tons of volume.
In worst case scenario, everyone who had followed my last charts would have bought at a super succesfull low risk entry points: we're still getting ready for the major wave III to come.
P.D: you will notice to way of counting the waves: both of them told us the same: Major wave I is done and we should expect a dip before the next major wave starts.
BULLISH RALLY ABOUT TO START IN IBEX35A bullish rally is about to start on the spanish index. The famous ibex35 is in its way of a major wave III with a very clear continuing diagonal triangle at wave II.
Bullish positions till arount 9000-9150 and then get ready for the wave IV to come, probably on a sharp rally due to elliots wave alternation rule.
Maybe we there is a fair chance to be involved in an extended wave III so we coud potentially reach 10000-10500 pretty soon.
LONG POSITION ON IBEX 35 - SPANISH GOVERNMENT ABOUT TO FORMHERE WE HAVE THE IBEX 35 INDEX IN A VERY SIMILAR WAY TO SANTANDER BANK. ALSO CHECK MY LAST ANALISIS ON SANTANDER FOR A GOOD TRADE OPPORTUNITY.
IF THE GOVERNEMENT IS FINALLY FORMED BY POLITICAL PARTIES PP + CIUDADANOS THE BIG INVESTORS WILL COME BACK TO SPAIN AND INVEST THEIR MONEY AGAIN, THAT WILL MAKE THE IBEX 35 INDEX GO UNTIL THE CLOUDS.
THE OTHER IMPORTANT EVENT WILL BE THE FINAL DECISION ON BREXIT. IF UK STAYS IN EUROPE THE IBEX 35 AND THE IMPORTANT SPANISH BANKS WILL RAISE THEIR VALUE AT THE SAME TIME OF THE SPANISH INDEX.
MY CONCLUSION. I AM WAITING UNTIL THE HORIZONTAL LEVEL IS FINALLY BROKEN AND RETESTED AS YOU SEE IN MY ANALISIS. IF THAT HAPPENS THE BUY LIMIT ORDER WILL OPEN AND A LONG TRADE CAN BE MANAGED INTO A GREAT PROFIT UNTIL THE IBEX REACHES THE 10.000 REISITANCE AGAIN, THE POINT WHERE IT WAS BEFORE THE SPANISH ELECTIONS AND THE BREXIT.
LET ME KNOW WHAT YOU THINK!
CARLOS
IBEX35 DAILY chart breakout$IBEX35 looking attractive for a big bounce after breaking downwards resistance that was holding back price since July 2015.
The first target would be 9200 and second target 10000.
Aggressive stop loss 8400, loose stop loss 8200.
IBEX35 outside reversal dailyat least 10% fall from 9000, so 8000 is expected but 7700 is very likely
IBEX 35 -- 60 --SHORTOn this 60 minute timeframe chart, we can see that the IBEX 35 has already began it descent.
IBEX 35 SHORT - Spanish Index is at a turning point.This is my first Chart publication so forgive me if it is too busy. I use it also as a live journal and update it as the waves move.
In any case, The IBEX35 is completing a triangle and wave 4 correction thus it is about to begin its move down with my TP1 estimate at 7365 and has the potential to go to TP2 at 6565.
I also want to Thank all those that I followed and your patience with all my questions, you guys were great.
Posible HCH en IBEXVeo posible HCH en Ibex si no sale un gobierno pronto..
aunque soy novato total :P
SHORT SPAIN35A nice swing trade guys, we should be looking at lows of 8000s in the coming weeks. Enjoy and good luck
IBEX 35: WAITING FOR A WAVE DOWNIBEX 35 is in a downtrend, if the downward trendline holds i'm looking for a wave down.
ESP35The 9300 level is key. Above this level one should go long. The principal reasons are the RSI divergence on the weekly chart and Elliott wave count / Fibonacci.
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.
ESP35The IBEX35 index is aproaching an interesting long term support zone. Let's wait and see what happens from now on.
