IBEX35 Possible Downward TurnEurope'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
Elliott Wave Expects IBEX to Pullback LowerShort 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
SPAIN35CFD is making trend reversal.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.
Inflation Deflator Indicator Signals Sell for $SPA35ID 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).
IBEX35 : BULLISH BREAKOUT?- 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
Spanish Index Resuming UptrendSpanish 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.
SPA35 @ RESISTANCE SPA 35 seems is approaching a resistance level dating back to March '23. Adding to that the 4h RSI is oversold. Sell?
IBEX35 bullish long term triangle retestFor some reason Spanish markets are going to blow our minds, maybe besides rest of main markets
IBEX35 AFTER BRICS NEW MONEYI 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 tha
Spanish bulls will soarThis 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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