Rovart
Short

IBEX 35 | Perfect channel

FX:ESP35   IBEX 35 index of Spanish listed shares
Expect a fall to 8800-8650

Happy trading!
mmehbubani
6 months ago
Hi Rovart,

Looking forward to your graph, I am wondering what determines that the prices pass the 9000 mark or fall bellow the 7600? If both trend lines cross?
Thank you in advance for your reply!
Reply
Rovart mmehbubani
6 months ago
Depends. If we break the bearish channel we could expect a rally up and if we break the support trendline we could expect a retest to 7600...

If you want to short on resistances and long in supports the resistance/bearish channel is stronger than the trendline, as this one comes from a longer term than the support trendline. I was short when it retested the channel and no regreets about it.

Regards and thx for comment!
+1 Reply
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