Europe's stock markets have extended initial gains at the start of the session and have recovered around 1% from the previous day. The British FTSE100 is back to its historical highs, while the EURoStoxx 50 is once again pushing towards 5,000 points, with SAP being the company that has published the best results report, climbing close to +4%. The Dutch company...
It shows clear divergence which hints toward trend reversal.
Then chart pattern shows complete inverse head and shoulder pattern and price had already crossed neckline so we can take instant entry by making previous HL as our stop loss and can project its target price.
ID has printed a 30m sell signal. The price has retraced to sell signal candle and supply zone formed at this price. We should get a hard rejection off this area to the previous swing low/demand zone (red box).
- The Madrid stock market has registered a strong rallye since the end of November 2023, the medium-term trend is therefore bullish.
- More recently, the market has consolidated in a symmetrical triangle chart pattern, between December and today.
Today, the market continues its acceleration with an attempt to clear the upper bound of its symmetrical...
I have studied this on a monthly time frame along with monitoring the news closely. I've noticed that it has been building a bullish flag pattern since it began. We hadn't had any new lower lows on the Monthly time frame and we just left a resistance level after retesting it three times! Combine that with BRICS new currency and the annoucing of it being this week...
This clear inverse cumulative delta divergence in the daily chart of the IBEX suggests significant price increases in the Spanish leading index.
We place the stop loss conservatively and choose the structure of the end of 2017 as the target for our long position.
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EUROPEAN SHARES
European shares dipped shortly after the opening bell on Monday, extending declines seen in Asia overnight, while US futures also point to a bearish open as the banking crisis keeps pressuring market sentiment.
Financial stocks remain the worst performers so far, as worries of a systemic risk in the banking sector linger after the confirmed...
Cosmic Gravity predicts that the IBEX35 Spanish market index will reverse downwards based on 4 bearish vs 1 bullish signal over 2 timeframes. Stop loss is set at the top of the 1H chart resistance.
IBEX shows an incomplete bearish sequence from 6.14.2021 high favoring further downside against 5.30.2022 high (8992.7). Short term, Index is now correcting cycle from 5.30.2022 high in 3, 7, or 11 swing before the decline resumes. Down from 5.30.2022 high, wave (W) ended at 7191.57 as the 1 hour chart below shows. Wave (X) rally is currently in progress to...
Stock markets reverse downtrend and may have entered a “corrective” cycle
Upcoming economic events
Tuesday: US consumer confidence
Wednesday: Bank of Canada interest rate decision
Thursday: ECB interest rate decision
Friday: US personal income and consumption
Commentary:
IBEX 35 Index: Strong very short-term upward momentum from the October 13th low,...
