vlad.adrian

Spain analysis - Weekly bearish, daily bullish

FX:ESP35   IBEX 35 index of Spanish listed shares
261 0 2
I will set this chart on neutral because it isn't a trade signal. The daily chart gives me a buy signal (https://www.tradingview.com/x/U7jQxK6G), like all other major european markets, but the weekly has a beautiful bearish picture at 11000, which is the most important area in this chart.
If the daily will give me a selling signal, I will short this, if not, well... I think it is due for a pullback and it will probably five a buy signal on the daily when the weekly reaches the Wave (well, hopefully).

I forgot to link related ideas, so if you are interested, here they are
All you need to know about the spanish index
Spanish Index 5 wave formation


* The evening star signal is confirmed or not depending on the platform you use. For example here, the red candle did not close below 50% of the blue candle, but on my platform it did. These things don't really matter in my opinion, you can bend the rules a bit, in the long run, it shouldn't affect trading performance.
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