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Spain 35 CFDSpain 35 CFDSpain 35 CFD

Spain 35 CFD

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SPA35 trade ideas

Ibex 35 Bearish reversal - shooting starMás claro, chorizo pamplona. The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom. This means that buyers attempted to push the price up, but sellers came in and overpowered them. This is a definite bearish sign since there are no more buyers left because they’ve all been murdered.
TVC:IBEX35Short
by harribatu
Elliott Wave View: IBEX Shows Bullish StructureIBEX Elliott Wave sequence from 12.28.2018 low remains bullish , favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure. The first leg of this zigzag wave A ended at 9361.4 as a 5 waves impulse structure. Wave B pullback ended at 9106.97 as a Flat Elliott Wave structure. Down from 9361.4, wave ((a)) ended at 9204.4, wave ((b)) ended at 9366.2, and wave ((c)) of B ended at 9106.97. The index has resumed wave C rally higher and broken above previous peak on 9366.2. The internal of wave C is also unfolding as a 5 waves impulse where wave ((i)) ended at 9212.3 and wave ((ii)) at 9123.5 low. Above from there it is suggesting that it is still within black wave (( iii )). Anyway, near term, while pullback stays above 9106.45, expect Index to extend higher. We don’t like selling the Index and expect buyers to appear in 3, 7, or 11 swing as far as pivot at 9106.97 stays intact. Potential target to the upside comes at 9652 – 9771 area where wave C is equal to wave A in length.
TVC:IBEX35Long
by Elliottwave-Forecast
ESP35 continues the downtrend!As the chart shows the downtrend line hold strong but a small dead cat bounce happened on support, breakdown might continue if support is tested again. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. Coinmarkets.net, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FOREXCOM:ESP35Short
by Coinmarkets