Already since last Thursday the index tried to force the breakout zone at highs without success, and it seems that since Friday it is getting back on the bulls due to the favorable news in the Eurozone regarding the continuation of the Euro policy. According to President Von der Legen the ECB will not be able to lower interest rates below 3%, and this will cause...
I expect next 2-3 months pullack in Spanish Overall Index: IBEX 35 Short 11.300 with target 10.400 to close shorts. Regards,
Today morning, the Ascension Day of Christ, the IBEX35 has experienced strong movements due to the news of the hostile takeover bid for Sabadell by BBVA and the possibility of a refusal by the government in view of the destruction of competitiveness in the banking market. Spanish government bonds, as well as Irish bonds, have been drawn. At noon De Guindos and...
Short Term Elliott Wave View on IBEX suggests rally from 10.25.2023 low is in progress as a 5 waves impulse. Up from 10.25.2023 low, wave (1) ended at 10301.2 and pullback in wave (2) ended at 9798.80. The stock extended higher again in wave (3) towards 11139.9. Down from there, wave (4) unfolded as a double three Elliott Wave structure. Wave W ended at 10855.4...
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...
Spanish top 35 index is clearly breaking out to the upside. Its broken out of the flag pattern weekly and retest will be a buying opportunity.
SPA 35 seems is approaching a resistance level dating back to March '23. Adding to that the 4h RSI is oversold. Sell?
For some reason Spanish markets are going to blow our minds, maybe besides rest of main markets
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.
Candle sticks are a beautiful thing once they speak to you. Weekly and monthly candles gave lots a pr- warnings of its uptrend Will it continue?
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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...
SPN35 seems to show all short technical signal. Similar move in US indices adding confidence to trade.
Hi hope you are all doing well there is a good sell opportunity on ESP35 just remember to follow your own plan.