IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)

Nov 15, 2020

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IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: IBEX35 H16/candle chart review
::: market disconnected from reality
::: huge surce in COVID cases
::: massive lockdowns
::: economy melting down fast
::: bearish fractal in progress now
::: short-term bullish/more gains
::: HOWEVER heavy resistance overhead
::: 8600/9000 points heavy/final resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 8600/9000
::: TP BEARS TP1 +15% gains TP2 +30% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 12 400
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 8600/9000 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6200 fresh demand zone
::: 8600/9000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS