IBEX35. Spanish market getting ready to pop

TVC:IBEX35   IBEX 35 Index
IBEX35, the spanish stocks index, is ready to pop but first it has to correct to a huge support zone which was a resistance for approximately year and a half.

A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position.

If everything is correct, will place a buy order at 9134 level, SL: 9090 and TP at 10300
Jan 16
Comment: Larger view with important support/resistance zones highlighted

Jan 28
Comment: Some more long term development

Jan 28
Comment: And still expecting a drop on short term
Feb 10
Trade closed: target reached: It was painful but it finally got there
Mar 25
Trade closed: target reached: Long term target reached
potrebbe analizzare fmib italy ? grazie
+1 Reply
@EnzoCaluzzi, ciao! Sorry, mi italian is very-very basic =) Could you please advice a sticker and I will have a look? Thank you
EnzoCaluzzi captain_smollett
+1 Reply
@EnzoCaluzzi, I think, for next 6-8 months it is bullish. What we see now may be a Wave 1 from 5 in C

So, I would say it should now correct to 17.000 moreless and then there should be a huge bullish impulse to get to 22-24K
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