fxtrader66
Short

Spain's Ibex 35 looking for a pullback.

FX:ESP35   IBEX 35 index of Spanish listed shares
270 0 1
Spain's Ibex 35 is looking like it's starting a correction. The Williams%R gave a sell signal by breaking 20. Also, from previous high to current high there was a turn window using Lucas Series #'s. There is another Lucas Series # from June 2012 low to current highs that is signaling a turn window. With two turn windows pointing to the same area, the Ibex reached a 1.272 extension = level of confluence giving sign of a pullback.

I believe it could pullback to the 50% to 61.8% fib levels as support, a break below the 61.8 fib would not be good for the Ibex's current bull run.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out