BME:IBC FX:ESP35 BME:IBC
Fear, unconfidence, uncertainly and anothers negative sentiment have come back?
Since 2016 we seeing a negative spread between Spanish index #Ibex35 and another European indexes like DY1! #Dax30 FX1! #EuroStoxx50 FY1! #Stoxx600
December 21st, 2015 starts the negative performance of the index (Starts RED BASELINE on daily chart), one...
ESP35 has just shown a strong upturn at high odds of breakout as 3 time frame chart are alive, maybe accumulation is over.
We need to follow the trend, short term target at 10516, mid-term at 10800, stop loss at 10240.
A friend shared with me one sheet of reliable TA figures. So I'm going to test this one with this trade.
Chance of go up is 33% (If triple top is broken on candle close)
Chance of go down and breakdown is 67% + triple top if isnt confirmed = 90%
After a breakdown we can expect a pullback to the old flat support with a nearly 60% chance (So we would close the...
I have taken the last historical bullish rallies and projected them from where the index is currently now. I have also projected a 5 wave impulse with standard textbook wave ratios. This is a bullish view. One could also carry out the bearish version.