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JayStieren

Spain35 IBEX35 Short idea

Short
IBEX 35 Index (TVC:IBEX35)  
JayStieren  
TVC:IBEX35   IBEX 35 Index
Trend Analysis Technical Indicators IBEX 35 CFD ibex ibexshort spain35 spain spainindex
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trendanalysis indicator ibex35 ibex ibexshort spain35 spain spainindex
On the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel.
As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7.

*Black lines = daily S/R
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