If you want to short the European tock market maybe the Spain Ibex could be the best solution as it is testing the downside breakout resistance and has retetsted the broken uptrend channel
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
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%
Investors would demonstrate a more risk-taking mindset if riskier Italian shares broke out too -
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! ...
Due to the COVID crisis, the triangulation that has emerged since 2013 has broken down. Here I show my idea from 2 years ago whose channel has been respected until today. SEE ANOTHER FORMAT FOR THE IDEA (UNTIL NOW) Right now a new scenario is being drawn that will be supported by the almost seen lows of COVID, the 6200 (fibo 1.0) . After banning the CNMV...
Dear Gamblers, Here is IBEX35, major index in Spain. As you can see, things are getting uglier and uglier here. Do not get caught in this enromous bullish momentum lately as you might get your ass kicked. There's no strategy here as the neckline have not yet been broken, but it will, within the right time. This strategy is no longer available if the index...
After the pandemic, the situation will go "as usual", I think that now is the moment to buy, great companies at very good prices. Buy cheap.
Just waiting to see what happens with that blue line... :) Cheers!
Caída hacia zona donde históricamente se ha mantenido. Corrección del 0.618 de Fibonacci, dentro de la zona anterior Continúa caída hacia soporte clave de crisis de 2008
BBVA has slightly broken that support line and means they're in almost historical minimums... In this cases it should go up again but somehow we need a miracle here. This is an updated idea with an enlarged view. Thanks.
Not optimistic with these news... Maybe a correction is coming after that last candle. Do you agree or you think the opposite? Sort of we need a miracle.. Cheers!
IBEX35 30 minute chart. We see the red dotted traversing resistance line (once a support level) coming into play here. This level has disciplined the price (since 2012) whenever price has come into contact with it and has controlled price action steady through the last 8 years. We go short as stochastic (not shown) is in overbought territory and we're hitting...
2.01 R/R long on the IBEX35 - 15 minute chart We have a double bottom formed. Of course, if candle closes below, that is invalidated. Stochastic in oversold territory, Ichimoku signal in red (waiting for the signal to rise). T.P. 9561.4 approx S.L. 9297.3 approx (I say approx because of different brokers). Best wishes trading this week! All comments welcome.