ESPIXEUR trade ideas
IBEX 35 is back, next stop 9066Here at Human Traders we've analyzing closely the IBEX 35. Remember, this one does not include dividends as the DAX 40 does. The IBEX 35 will test again the MEGA resistance level, next top on 9066 points. If the resistance level is broken out, the next stop will be on 11400, and then, there will be no limit at all. We are long on this one as the general outlook of the market remains positive and this week we've seen huge bullish signals across all indicators and price movement.
ESP35 forecast for end of 2021I’m not very familiar with this market, only started to trade it two weeks ago. Based on technical analysis death cross just occcured. RSI is pretty low but we still can go lower towards 8000. After that we should see some green candle sticks to the upside to 8500-8700. The market will become more bearish next year and with Omicron I don’t think we will go that high.
IBEX35 ANALYSISThe wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the Take profit and Stop loss
IBEX 35 - Cold Spanish Winter ESP35 or IBEX35 chart is a classic 'Go Short' example.
We like to hedge (Buy the strongest/ go Short on the weakest) and this one in particular is (still) the definition of the second category:
-The European Commission lowered its forecast for Spanish growth this year as the country's recovery from the COVID-19 pandemic lagged behind other European nations.
The commission estimates that the rise of Spanish gross domestic product will be 4.6% this year and 5.5% next year, almost two points less than earlier forecasts of 6.5% this year and 7% in 2022.
- in Spain — the eurozone's fourth-largest economy — GDP is 6.6% below 2019 levels.
(Germany has narrowed the gap to 1.1% compared with pre-pandemic levels, and France has reduced the difference to just 0.1%).
- Weak household spending and supply chain bottlenecks are weighing on the post-pandemic rebound.
- According to Brussel s, Spain is the only EU country where economic activity will not return to pre-pandemic levels before 2023
Charts never lie. IBEX is expected to take a dip further. In the meantime it's our way to hedge our Long positions on other indices (as well as part of our exposure to Bitcoin...)
One Love,
the FXPROFESSOR
IBEX 35 WEEK 26/07/2021 AnalysisIbex35 possible trend for 26/07/2021 week.
After passing the 8660pts level, a strong one, the spanish index will try to reach the 8800pts during next week, finnishing the Shoulder-Head-Shoulder figure started a week ago, but probably he will lateralise during a few days ensuring the floor reached on friday 23/07 and making it stronger, we expect a finnishing of the figure during the last days of next week, and a lateralisation of the index testing the support of 8800pts on various times.
Great Short Opportunity Daily Downtrend. A sell is approaching around 8830/40.
The RSI is confirming the downtrend and the approaching sell
The Bias in daily is changing to bearish
A violation above the trend line would invalidate this setup
Aesthetic Analysis Confirms Direction SouthMonthly upper Bollinger Band is not very reliable, in that case. There is definitely a room to grow for ESP35, given the bad history, but the time has come according to the trend lines and Fibonacci. The tension through the end of the triangle is pullung the eyelid downwards since it ran out of fuel. The trend of RSI also shows the tendency for a downfall before reaching an oversell.
Elliott Wave View: IBEX35 Pullback Should Find BuyersShort term Elliott Wave View in IBEX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 8739.9 and wave 2 pullback ended at 8274.60. The Index extended higher in wave 3 towards 9148.9 and pullback in wave 4 ended at 8804.90. Subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) ended at 8948.3, wave ((b)) ended at 9054.4 and wave ((c)) ended at 8804.73. Wave ((c)) of 4 pullback ended at the 100% – 161.8% Fibonacci extension of wave ((a)) at 8725 – 8850
From the blue box, IBEX has extended higher in wave 5. Up from wave 4, wave (i) ended at 9068.70 and pullback in wave (ii) ended at 9006.10. Index then resumed higher in wave (iii) towards 9203 and pullback in wave (iv) ended at 9099.50. Final leg higher in wave (v) of ((i)) ended at 9240.80. Pullback in wave ((ii)) completed at 8978.20 and Index has resumed higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 9245.60. Expect wave (ii) dips to correct cycle from May 19, 2021 low before the rally resumes. As far as pivot at 8804.73 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
IBEX 35 about to be super bullishMonthly timeframe draws a macro descending resistance going back to 2007. This line has meant a significant bounce each time price touched it.
This time the resistance is coliving with monthly ema 200 which brings me to expect another bounce although this time it might not be significant. Price is moving upwards inside an ascending paralel channel for few weeks now and the TVC:IBEX35 has been showing strength when touching the downside.
On a daily basis, a bounce at 8.950-9.000 down to weekly ema 200 and the downside of the channel at 8.750 on a quick visit to this level would be the natural price retracement enough to take air, reload, and then finally trespass the 9.000 level among with the ema9 and 200 cross on the weekly.
An alternative would be to succeed at first attempt and then retest 9.000 as support, I do see this level as a significant barrier so I expect the price to retest it either way.
Let's see if the market is ready enough move to continue upwards!
PS: This is general market information for educational and entertainment purposes only, and does not constitute investment advice.
Traditional|IBC|Long and shortLong and short IBC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.