hsa2501

IBEX 35 bullish momentum should continue towards 9000 level

Long
BME:IBC   IBEX 35 Index
8726 level support has a bullish candle confirming my bullish bias, the perfect buy would of been at the 856 level.

That bearish engulfing void candle at 12pm was just there to take out stops, the 4 hour block has been violated so this shows uncertainty because price has dropped on 8830 level and has also shown bullish action before. 1 hour time frame confirms my bullish bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.