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,...
Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
#SPAIN35 is looking like short term downside on the 15min. hit easy setups
So... the Spanish market has actually OUTPERFORMED all the other european indiced in the past year and actually YTD: www.investing.com --> "Performance" that makes no sense... a country/economy which were on the edge of bankrupcy in the last financial crisis. Why has this economy outperformed all the other eonomies? it makes no sense . IMO a short position...
The IBEX35 index, the blue-chip benchmark for the Madrid stock exchange, seems to be on the cusp of a large correction to the downside of about -20%<-25%. Technical indicators signal a consolidated drift lower, while the MACD also signal a broader Sell-Off move. Concerns are for the undercapitalization of many listed companies, in particular, the Spanish banking...
In this update we review the recent price action in the IBEX and identify the next high probability trading pattern and price objectives to target
Trade Idea: Selling ESP35 Reasoning: Big resistance Entry Level: 8294 Take Profit Level: 8053 Stop Loss: 8366 Risk Reward Ratio 3.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Short Term Elliott Wave View in IBEX suggests rally from 3/7/2022 low is in progress as a 5 waves impulse. Up from 3/7 low, wave (1) ended at 8875.30. Wave (2) pullback has ended at 8137.37 with internal subdivision as a double three. Down from wave (1), wave ((a)) ended at 8512.3, rally in wave ((b)) ended at 8703.50, and third leg lower wave ((c)) ended at...
Watch this clip to learn about CHoCH and BOS. After this clip you should be on your way to finding optimal reversals in the market along with potential continuations
Industrial production fell 1.8% in March on month, the sharpest fall since May 2021, data from the country's statistics office INE showed Friday. In February, output increased by 0.9%. On an annual basis, industrial production rose by a marginal 0.1% in March, the data showed. The Spanish economy, the eurozone's fourth largest, expanded 0.3% in the first quarter...
Buying ESP35 on a break of the ascending triangle. Targeting longer term 78.6% Fibonacci retracement.
Ibex 35 had a quick countertrend-move this morning, perhaps too quick and technical move with algo-traded Business. Be careful, vola can increase further.
Short Term Elliott Wave View in IBEX suggests the decline from November 1, 2021 peak is unfolding as a 5 waves diagonal. Down from November 1, 2021 peak, wave (1) ended at 8082.4 and rally in wave (2) ended at 8912.20. The Index resumes lower in wave (3) which ended at 8048. The 1 hour chart below shows that move in wave (3) which subdivides in another 5 waves in...
A bearish strategy that if fulfilled there is a great potential for profits. Best Regads. @MartinTopTrader
CAPITALCOM:SP35 We are just taking a look at the IBEX 35 and not planning on opening up any positions. This trade is a bit too complicated, and there are no clear signals (because there are too many almost) to indicate which way the price wants to go. A downward trendline from May 2017 connects a peak in February 2020. Technically from this, we can gather that...
There is a major resistance around 8838. Will it break? I don’t think so but it’s worth to follow news tomorrow on ECB rates decision. Definitely we’re living in the times of great economical uncertainty
I KNOW TRADING IS DIFFCULT but i i love the hard thing . here we see the Market orders delete the liquidity from one side of the market. They make it more difficult to buy or sell.