ESPIXEUR trade ideas
Ibex 35Big test for the Spanish index in the next weeks. 9990 Area holds a strong resistance together with fibonacci level. If it breaks it's a big bull!
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
SupportThe index has fallen for 3 day very impressively. As we are meeting a double support here (MA and rising support), it may be ripe for a retracent. If the support doesn't hold however, we shall face another drop down.
Expect sharp drop in the #Ibex35 to end a 10-year correctionIt remains most likely that the downturn in primary wave E° (since May 2017) is complex and not complete yet. Our arguments are time, space, and wave pattern. Usually triangles tend to retrace a substantial portion of the previous countertrend move of same degree within the triangle. The retracement looks small so far. Moreover a 6-month E° wave looks rather short relative to the rest of the triangle.
We continue to project another wave down before primary wave E° and therefore the entire 10-year triangle is completed. Moreover we forecast the drop to be sharp. The reason for that is an expanding diagonal in the last leg of an intermediate degree (X)-wave. Diagonals tend to get retraced swiftly.
Bottoming at ResistanceThe MA serves as resistance here and gives support for a retracement upwards.
IBEX35 Daily chartSpanish index hit a resistance zone 3 days ago and still didn't break above. If it does we might see some more buyers jumping in. The price also crossed through the short term bearish trend which could indicate for a continuation of a long term bullish trend.
CorrectedWe did not reache a new high in the recent correction and we are at the top of a channel-like broadening formation.
IBEX CYPHER LONG 5:1 RRRIbex have been playing with me recently it doesnt want to grow and thats it. Now I am on the long side again Bullish on EU equities due to ECB tightening coments. Everyone is greedy looking to maximaze profits from equities before move the debt market. RSI oversold Daily 200MA. 2 targets two trades. Lets see
Just go long Spain stock ESP35 when market is open if no gapESP35 has just shown a strong upturn at high odds of breakout as 3 time frame chart are alive, maybe accumulation is over.
We need to follow the trend, short term target at 10516, mid-term at 10800, stop loss at 10240.
IBEX 35 - SPAIN Forecast One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last
couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last few quarters.
Ibex has to close the daily candle above 10600 to give any bullish signal for the year. It is sitting at a major resistance level
right now and a break above that level would mean that we can now see 11,000 mark once again. But due to the strong resistance level between 10490-10600 we can see some pull back from here to the early 10,000 again. A strong sell from that
point can take the index to the lows of 9400-9700 Area which at this point looks highly unlikely but a major sell off in the equities market and strong Gold and commodity prices and crypto currencies can shift the buying towards the more performing markets. Over all I am neutral for this Index. We can take multiple trades at key levels and do some profit taking on several occasions due to the index being range bound. Holding on to the index for a long position is not recommended.
If not up...We are struggelng with the upper side at moment but cannot succeed. Thus I suppose that we may see a test to the downside first.
Breakthrough the SecondNow the index fell below the rising support and the MA in the daily chart as well which allows to re-open the short position.
