SPA35 trade ideas
ibex 35We expect a pull back to 9832 level, Spain manufacturing PMI fell to 53.9 in March of 2017 from 54.8 in February and below market expectations of 54.7.
IBEX-35 Sending A Very Strong Signal For A New Bull MarketThe IBEX 35 (D) showing strong momentum to the upside. This is a strong signal that the Euro crisis might come to an end now.
Spains IBEX 35 is showing short term an impressive set up for a strong up move.
Medium term a break of the multi-year downtrendline would trigger a buy signal for a new and powerfull new bull market wich could last for years.
Spain´s IBEX 35 Ready To Start A New Longterm Bull MarketAfter yesterdays Election in the Netherlands defeating Nationalism and Populism in the Netherlands Spains IBEX sending today a strong message showing that the IBEX is ready for a new bull market in the next years.
The IBEX joins stockmarkets in Germany, The Netherlands, Italy and France.
It is no issue right now and traders don´t talk about this: But major European Stockmarkets indicating that the crisis in Europe started in 2007 might end now.
ESP35 | Short based on statisticsA friend shared with me one sheet of reliable TA figures. So I'm going to test this one with this trade.
Chance of go up is 33% (If triple top is broken on candle close)
Chance of go down and breakdown is 67% + triple top if isnt confirmed = 90%
After a breakdown we can expect a pullback to the old flat support with a nearly 60% chance (So we would close the short after some fall below this support) and re-open it if pullback happens.
Regards!
IBEXI have taken the last historical bullish rallies and projected them from where the index is currently now. I have also projected a 5 wave impulse with standard textbook wave ratios. This is a bullish view. One could also carry out the bearish version.
Tocada resistencia anual IbexEl Ibex aunque lo encuentro fuerte, ha tocado la R1 de Fibonacci.
Es posible que se vaya para abajo hasta los 9200 o 8800.
Pero como digo.. le veo fuerte...
IBEX35. Spanish market getting ready to popIBEX35, the spanish stocks index, is ready to pop but first it has to correct to a huge support zone which was a resistance for approximately year and a half.
A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position.
If everything is correct, will place a buy order at 9134 level, SL: 9090 and TP at 10300
The area above is open Guys,
The up area is open, since the I see a candle pierced the resistance, with the stop loss of 200pips.
Success
RandR
IBEX 35 | Opening shortsH&S figure didnt work but we are close to some strong resistances, I would short this ones.
IBEX35's NEW CYCLEHi Traders!
This is my analysis on IBEX35.
I think we are already going up for a new cycle, actually we are going for the third wave in it!
I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion.
We are looking now on smaller timeframes for buy set ups!
Carlos
IBEX 35 | Cuidado con la formación de esta figuraSi se da la condición de formarse esta figura (Cabeza y hombros), podríamos ver descensos serios a principios de 2017.
Un saludo y feliz trading!
Posibles tendencias de IBEX 35Pasados los 8750 creo que estaremos en buena dirección pero ojo al llegar a la linea naranja
IBEX35 PRIMARY ELLIOTT WAVE - WEEKLYIBEX 35. SPANISH INDEX.
NOT REALLY CARING ABOUT THE NEWS RIGHT NOW, JUST LOOKED INTO THIS PERFECT PRIMARY 12345 ELLIOT MOTIVE WAVE FOLLOWED BY A PROPER XWY CORRECTION.
WXY STRUCTURE IS BROKEN BY AN IMPULSE. PROBABLY A NEW PRIMARY MOTIVE WAVE. LET'S WAIT FOR IT TO REACH 2 (COULD BE ALINED WITH PAST SUPPORTS AND WITH THE FIBO 61.8 LEVEL) AND THEN WE CAN TRADE NEXT IMPULSE TOWARDS TO (3) FROM THE NEW MOTIVE PRIMARY WAVE.
CARLOS
IBEX35 Spain Index Bearish BatIBEX35 has formed a Bearish Bat at the H4 TF, from the D Leg first swing down currently into consolidation. Post, we should see one more leg at least towards the 100% - 1.272% Extension..
IBEX35. Unfinished spanish businessI normally don´t watch local TV but fortunately saw the news last week while I was having a lunch. Spanish GDP is growing 3.2% since last year and I heard almost the same words that I heard in 2007: we are in front of Europe, the crisis is behind... and else, and else, and else...
Just wanted to have a look at Ibex35 index, to see whether I missed some wonder or if somebody gave Spain several hundred Billion to restore the economy.
UNfortunately, I haven´t missed anything and the 22% of unemployment talks for itself.
From technical point of view, I can see a long-time H&S pattern which is still pending to be developed and drop spanish economy to the levels of the late 90s. And, in real numbers, to much lower than that because in late 90s there were no abysmal sovereign debt.
Talking about the numbers, I expect IBEX35 to raise back to 11.000 area that is where the Hagopian line is placed. This is a psicological value for those who follow the spanish market. Once there, their voices claiming the crisis is over will be heard from every bar: a classical situation with 80%+ of the bulls. We all know what market does when such a thing happen...
I would short IBEX35 from 10800 approximately, targeting as low as 3000 ish by 2-3 years as much. And hope there will be a broker who would pay for such a big short.
ESP35Major rally about to begin. Wave 3 thrust. Give it time to develop.
Stop at 8,543.
Target 1.272 fibo above last peak minimum possibly 1.618 if you dare.
