IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from...
Sometimes when a stock closes a triangle, it spikes up. However, we already saw DIA supermarkets that did not make this many-investors' wish come true (and I talk about before all this pandemic set in). In this company, there has been recent "good" news (by many investors) that its president will leave his chair. And he leaves with 2.2 million debt owed to the...
IBC reached 7,992 and turned down as we forecasted in our post of May 31. The downtrend should reach new lows. In the current wave pattern we could see a counter-trend move up to around 7,650, before the downtrend continues. If price crosses up 8,019 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
IBEX35 is tracing the final stages of intermediate wave 2. The most probable target range is between 7,800 and 8,450. After this intermediate wave 3 should bring down the index to new lows. If the index crosses down 6,850 the odds will indicate wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
Caída hasta la zona de los 574 con posibilidad de extensión hasta los 546
order at 16.35 expecting the ascending triangle will push it forward its resistance even it comes from a downtrend. not follows procedure but seems market is bullish enough BME:REE
Ibex long movement looks corrective so the odds of a continuation of coronavirus downside are high.
Inditex has activated a doublte bottom pattern with potential target to 31.85€ +17.5% from current price.
Telefónica has lost minimum between two maximums and therefore has activated a double top pattern that may lead price to 3,374€ -17% from current price.
Based on technical analysis, where there might be the breakout of a resistance level , the idea is to go long. If the resistance level will not be broken, prices might move inside the channel
After the coronavirus diving, the Spanish market was able to ridiculously weak rise. Not able to reach the 0.382 Fibonacci level in the last 50 days! The rising from march low has a corrective 3 waves style like zigzag in Elliott wave theory. The bears are in control, just had a nap. The rising could continue for a while, but 7500 is a strong resistance I expect....
Wait that the resistance of 3.00 euro will be broken. Prices might still move inside the channel..
so this has hit all time lows in price now taking a look at the overall price structure this could see some moves returning to the upside or could this still keep dropping ? and on the lower time frames its showing more likely that this could push up very soon. and overall we can see a nice clear pattern. i will wait for the first move up to be confirmed with this...
Se puede esperar que se esté acumulando para una subida.