ESP35Lower highs and lower lows: We have some additional correction to go throughShortby AntoninoRomano371
Spain could finally see a bounceIf we check how volume is increasing we can detect some panic around. We should spect some kind of hard bounce around this levels or 7500 levels. Regards.Longby UnknownUnicorn129775Updated 225
Wait for long signalDivergence has been corrected. It would be ideal open the position at the last minimum but I was waiting for the confirmation. That will be when the RSI touches the yellow dotted line. It should not break it and define the RSI trend. The trade has a very tight stop because we are assuming the floor before it is consolidated, so is a risky spot to enter. in the long run this would be the first wave of 5 (circle), first wave from a very small grade. Below the last minimun 7756 the analysis would be incorrect.by soyelsimo0
Ibex35 still very bearishSupport values at 7500 level from 2012-2013 are at the very long direction of the index. The IBEX35 should go to 7500 before any serious "bull" approachShortby Ernesto_ArroyoRon0
IBEX 35 IDEA [UPDATE]We have IBEX 35 doing the same movement as did at 2010 wich it's paired with a support and the 60% fib. RegardsLongby UnknownUnicorn1297750
IBEX35 - Back to the future?Some beautiful symmetry on this index. As the world has a mini melt down in 2016 I'll be looking around 7,000 level to find support and hopefully mirror the move from 2008 to take us up and hopefully beyond 12,000 by Genghis2
Spanish Bull SharkBullish shark pattern at median line and the head & shoulders target area with bullish RSI divergence.Longby BaliShag224
IBEX 35 ShortWell... After all this news, this index is so overbought and on critical levels of resistance, we should see this one going down sooner than later. RegardsShortby UnknownUnicorn1297751
(J) Trade 7: Speculating on Trend Resumption #IBEXUpdate: Target Reached without entry Trade Cancelled. =========================================================================== Trade 7: Pending Long IBEX35 @ 10,800 S.L @ 10590 T1 11,160 T2 11,585 For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) . Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance. =========================================================================== Reasoning Long term trend is up 200 Days SMA forming support Multiple hammer candles at 200-days Average 1.271 extension of recent bullish wave Fundamental factor: Any minor progress on Greece will probably lead to a major rally, as economic conditions improved recently in the euro area and ECB continues to pump money through QE. Don't forget to click the Thumbs Up Wish me luck and best of luck for everyone. For Trades rules and guidelines follow this link My best regards Technician Subscribe to my trading portal thefxchannel.com Longby Technician272766
Unemployment in Spain 23.2 percent. Market index up 100 percent.Spain could be facing the same outcome as Greece. But a much bigger economy.Shortby chrisbrecher2
Finds support at prior resistanceGood looking setup as the index rebounded of previous resistance forming a long pin bar. Good risk reward ratio trade as well. Longby EagleTrades226
IBEX Short Term Elliott Wave Analysis 4.30.2015Short term Elliott Wave view suggests rally to 11883.6 completed wave (Y). Decline from here is taking the form of a double three or WXY structure when wave W ended at 11301, wave X ended at 11684.3, and wave Y lower is in progress. Wave ((w)) of Y ended at 11259.1, wave ((x)) of Y bounce is currently in progress and could retrace 50 – 61.8% (11471.7 – 11521.87) of the move lower from 11684.3. As the proposed wave ((x)) bounce holds below 11684.3 high, expect the Index to continue lower towards 10963.75 – 11101.63 area before it turns higher. As the decline lower is represented with a dashed line, we don’t like selling the Index and expect the Index to find buyers in 10963.75 – 11101.63 (equal leg – 1.236 extension area) for a 3 waves higher at minimum as per Elliott Wave hedging idea. --------------------------------- Twitter: cmellon1976 Website: elliottwave-forecast.comLongby EWForecast2
Retesting Previous Major ResistanceThe index is retesting the previously broken high, it look like a Good level to look for long positions towards 12255 next resistance.Longby EagleTrades3
Uptrend continues?Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them. Good Luck!Longby HexVex111