CorrectedWe did not reache a new high in the recent correction and we are at the top of a channel-like broadening formation.
SPA35 trade ideas
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.
ESP35 Last Short Setup DownWait For The Break, Then The Pullback. Long Term This Will Continue Up, It's Currently In A Correction On The Higher Time Frames, Although May Have One More Move Down
ResistanceWe've made a new high but closed below the resistance, the more with a shooting star. A correction is due.
Correction RunningWe've opened with a widely open window today which shall be closed before IBEX shall rise again.
IBEX35 - Madrid Stock Exchange Crash - Long-Term SELLIBEX35 has formed a Running Contracting Triangle after the decline caused by 2007-2008 Recession.
Current Wave Count is implying that IBEX35 would push higher so that the Triangle Pattern would complete and after that resuming the down-trend caused by the up-coming Market Crash.
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IBEX35 - Market Crash SELL Position:
Entries:
- Moderate: 11500.00
- Conservative: 12500.00
SL: 13500.00
Targets - 9000.00 / 7000.00 / 5000.00 / 2525.00
IBEX WEEKLY LONGVery best trading opportunity for long-term trade on the Spanish IBEX till the end of the year lets make $$$
IBEX BUY SETUPMaybe IBEX is ready to follow the EU equities. The Spanish Catalan problems are some serious issue but everyone is greedy and want to make ROI. Break above trendline and a nice retracement to to the TL from the top now. RSI on hourly eversold, on 4h TF price has made a signal for correction. In my opinion we can go higher from here. Will see.
IBEX 35 good value?#Ibex35 still #Spanish political problems but does the index look good value in the months ahead compared to its other European cousins?
IBEX35 upward reversal pause Up until September TVC:IBEX35 and DAX were moving downwards in a tandem, but DAX then made a sharp and quick reversal leaving it's Spanish peer behind (see 4 hour chart) . Fast forward to the end of October and the Spanish bulls have returned with vengeance reversing the long term trend. The market moved fast, way too fast and it's not surprising that it retreated just as quickly as it rose. Looks like the market found a very strong support clearly visible on 15 minute chart. If IBEX reversal is going to be anything like that DAX has seen, it's likely to retreat a little bit more as signalled by bearish pennant before resuming the uphill journey at a less steeper level.
Long to the next fib levelWeekly is at decision but this setup is good for a long till the next fib level
Ibex Index: looking to go long again here for 800 points upside
IBEX Index: IBEX 35 Update
After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit...
Now this index has come back down to the breakout zone once more for what should be one last kiss
before the rally recommences.
It should find support between current values at 10362 and about 55 points lower, at 10310 at
lowest... (same amount as recent win on this index) off the upper parallel.
So am looking to go long again from the 10362-10310 range with a stop just under 10300,
looking for a move back up to the highs at 11168 (about 800 points) between now and early
spring 2018. So about 60 points downside risk and 800 points upside if it works out...
