📌 Eurostoxx 50 is in question here and we have a good illustration of the ABC outpost. The main target 3,489 is still open for a test but a breakdown here will seal it for the year. In a nutshell, this is a chart speculating that we are in the very early days of the "C" leg down. It is the same opening move in play for German Equities, DAX: This leg...
Im already short in its etf EWP. I think that the most probably scenario for this triangle break is downwards, since there will be a second economy bomb (aka covid confination) and there is no way the economy is recovering soon.
My first video here. Quite bad all. Sorry for the quality... bless you!
This is a review on a monthly view of the main banks in Spain. We are not going to make any more comments than to limit ourselves to paste the charts, just to say that they are inside a big shit. In which one would you put your savings? Greetings and God bless us. ------------------------------------------------------------------------------- Banco...
After a multi-million dollar bailout, the bank is back at record lows. Will it hold the pressure? There is still room in that RSI for a bit more correction. Bleh! This is a continuation of our previous ideas... Rodrigo de Rato tret al clatell!
These trades remain open from the original sell signals given on Jul 31 23:33:15 (UTC) Sun Aug 2, 2020
On the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel. As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7. *Black lines = daily S/R
The amount of speculation that steers this as "bullish" honestly doesn't make sense to me. For this reason, my outlook on the current global economic cycle will be in alignment with shorting DAX and the IBEX.
IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from...
IBEX35 is tracing the final stages of intermediate wave 2. The most probable target range is between 7,800 and 8,450. After this intermediate wave 3 should bring down the index to new lows. If the index crosses down 6,850 the odds will indicate wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
IBEX, the spanish exchange index, seems to have activated a second bullish impulse with target price at 7826 +9,8%
After the first wave, correction we are ready to move down. Objective 1 6.000 and second 5825. As you can see we had made a pull-back to the breaking line and now we only can spect the second wawe. Aternative scenario when we go up above 7.192. Good Trading ant Take Care.
So I've decided to somehow repost this big scheisse after the bank doesn't stop sending me emails saying they have experts analyzing the markets and wanting to give an explanation of why the stocks are going up. Really? Who are they trying to convince with this graph? It will be bad, very bad. And in the end we will always pay for it, always the same. Enough! ...
The Spanish index is tracing a counter trend primary wave 4 of a cycle C wave down. After it finished wave 5 should move prices to below 5,400. FOLLOW SKYLINEPRO TO GET UPDATES.