- Risk 30 points for potentially 180 if the move lower materialize at 8780 - Invalidated if we break above 8830 - Larger TF remain bearish
Downtrend continuation for IBEX 35. wait a little for the break
- 1 hour potential Head and Shoulder formation targets 8800 - A bounce from current level may put in a strong rebound to test upper bullish channel - If H&S plays out - the target is decent and viable since 8800 level has minor support April 15 See weekly and daily chart too for directional play
Expect a fall to 8800-8650 Happy trading!
We have seen spain pulling back to 9230 resistance. Care with new lows and try to catch a great entry at 7500. Happy trading!