IBEX 35 Index TVC:​IBEX35

Haven taken the profit on the long position now, I am turning it into short. The decline since December 3rd has been retraced now what gives hope for a continuation of the trend. The window on December 5th is supporting this view additionally.

After the false break to the downside we are correcting the decline now.

The trend that is lasting since begin of Dezember may continue its way now after the regular correction.

Possible bottom flat structure Invalidation last low Target fibonacci 1 extension

possible ascending triangle resistences just above now. waiting for a possible rally this month ... mmm :) tt 9500

Despite the rise above the falling trendline we are stopping below the important resistance zone. So I consider the break of the trendline as a fals one.

Many of the European Indices are entering a bear market (50sma<200sma). Shorting is difficult this early in a trend because counter-trend rallies can be explosive and rip through your stops. The TI indicator that Tone Vays uses is brilliant for finding these inflection points when these counter-trend rallies run out of steam. The Ibex hit a 9 candle inflection ...

Top building at the resistance zone.

stoploss above triangle would like to swimg and retest blue line horizontal trendline but will see

Hello Traders, IBEX short-term Elliott wave view suggests that a decline to 8850.20 low ended red wave A of a zigzag structure. The internals of that decline unfolded as 5 waves impulse structure where black wave ((i)) ended at 9471.20 low. Black wave ((ii)) ended in 3 swings at 9542.80 high. Black wave ((iii)) ended in lesser degree 5 waves at 8971.30 low. Then ...

UGHHHH! See that price action from late 1998 to the beginning of 2000? Not Good, that’s corrective behavior. Another European country in a multi-decade market correction. The chart shows a good possibility for the potential pin ball price action over the next decade. So what is going on here? High Unemployment, Property Bubbles, the Prime Minister is the ...

Hello Traders, IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black ...

We are testing the downside of the former suppert now. As this had been broken we can asume that this resistance will hold now and further declines will follow.

IBEX now at 9180. At 9000 it will officially be in a BEAR market (-20% from 2017 peak)....

This looks like a major support having been tested twice.

Hey Traders, Looking for these moves in the Ibex35. We are looking for the area 8400-9000 points and then we will expect a total reversal for a new uptrend rally. Trade with care, Carlos

Ibex flat for a long period of time, actually it looks quite similar as in 2011 and then in 2012 touching 6,065 points. Is it going there again? Maybe no, but too close of. Why? That's the risk for flat assets. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!

The trend is still downward directed. I consider the recent rise as an upward correction and expect another decline soon.