IBEX 35 | Corrective structure about to end

FX:ESP35   IBEX 35 index of Spanish listed shares
10 months ago
Well... This chart is a difficult one. We have a long term bearish channel and a mid term bullish support (Acting like a corrective structure)

We also have in the short term an inversed flag/corrective structure that could end both ways, being broken upside or downside. Anyway as it's an inversed flag it should break downside wich means bullish mid term support must be broken.

We could spect a new wave downside if this happens so my decision on this chart is... Short on breakdown and if breaks upwards, short on top of the channel.

Regards and happy trading!
10 months ago
Trade active: Broke upside. Short on top of channel.
9 months ago
Comment: Worked pretty well
9 months ago
Trade closed: target reached: Just wanna say this setup is my gold mine. PERFECT TOP AND MUCH REKTNESS!
9 months ago
Comment: Next target... 7000
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