SPA35 trade ideas
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
Targets the lower end - green box for potential long- Ibex in 5 wave move lower
- support at 8360 levels may offer decent RR for a counter trade off the bear flag
- need confirmation from the RSI on larger time frames
IBEX either fail or about to break 9400- 1 hour potential Head and Shoulder formation targets 8800
- A bounce from current level may put in a strong rebound to test upper bullish channel
- If H&S plays out - the target is decent and viable since 8800 level has minor support April 15
See weekly and daily chart too for directional play
IBEX35 Swing ShortWhen the price hit 9.500 I will think in sell, always wait the best price or de best moment.
IBEX 35It should be topping just in this point reaching important resistance and tendence line (red lines), so, the most probably way is starting vth wave down. But if up acceleration occurs from this point I'll have to review the waves count
