I’m not very familiar with this market, only started to trade it two weeks ago. Based on technical analysis death cross just occcured. RSI is pretty low but we still can go lower towards 8000. After that we should see some green candle sticks to the upside to 8500-8700. The market will become more bearish next year and with Omicron I don’t think we will go that high.
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement. This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the Take profit and Stop loss
IBEX35 making a double top. Price target is 7100 points.
ESP35 or IBEX35 chart is a classic 'Go Short' example. We like to hedge (Buy the strongest/ go Short on the weakest) and this one in particular is (still) the definition of the second category: -The European Commission lowered its forecast for Spanish growth this year as the country's recovery from the COVID-19 pandemic lagged behind other European...
SPAIN 35 Buy Richo 1:3 risk 5% Please when you follow my analysis You must enter all trades and never miss any analysis
I'm entering a buy on this pair, golden fib retracement, horizontal support zone, TL respected
a reverse H&S is forming on ibex35(now36) the proyection of the pattern would theoreticaly bring it to 9600ish..let's see.. by a fundamental point of view it should be no problem for it to reach the target, since EU looks like wont let the QE any time soon
SPAIN35CASH long 30min open now 1:1 Looks good trade. Lets monitor. Use Proper risk management. Disclaimer: only idea, not advice.
the pair rose and broke a pretty decent level of structure support & retest of that previous support used as a chance to hop on a bullish trade to the upside. stop loss : below 8400 target : 9200 - 9240 entry : between 8650 - 8700
Trendline respected buy Fib retracement 78.6% strong support zone. confluence: Sell stop liquidity taken BMS Return to OB
Markets in Euphoria, Cryptos approaching area of a potential pause/ reversal point, markets need more than pocket change. Remember key areas can go either way, trades take time to play out. Keep it simple, be patient, think risk/reward.
Ibex35 possible trend for 26/07/2021 week. After passing the 8660pts level, a strong one, the spanish index will try to reach the 8800pts during next week, finnishing the Shoulder-Head-Shoulder figure started a week ago, but probably he will lateralise during a few days ensuring the floor reached on friday 23/07 and making it stronger, we expect a finnishing of...
Daily Downtrend. A sell is approaching around 8830/40. The RSI is confirming the downtrend and the approaching sell The Bias in daily is changing to bearish A violation above the trend line would invalidate this setup
Monthly upper Bollinger Band is not very reliable, in that case. There is definitely a room to grow for ESP35, given the bad history, but the time has come according to the trend lines and Fibonacci. The tension through the end of the triangle is pullung the eyelid downwards since it ran out of fuel. The trend of RSI also shows the tendency for a downfall before...
Short term Elliott Wave View in IBEX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 8739.9 and wave 2 pullback ended at 8274.60. The Index extended higher in wave 3 towards 9148.9 and pullback in wave 4 ended at 8804.90. Subdivision of wave 4 unfolded as a zigzag...
Monthly timeframe draws a macro descending resistance going back to 2007. This line has meant a significant bounce each time price touched it. This time the resistance is coliving with monthly ema 200 which brings me to expect another bounce although this time it might not be significant. Price is moving upwards inside an ascending paralel channel for few weeks...
Long and short IBC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...