short followed by a longWill be looking at shorting down to the last couple of low points, then getting a buy entry in the next few weeks once the country comes out of lockdown again
SPAIN35CFD trade ideas
IBEX35 Trade still in play. Huge R:RI initially posted IBEX 35 set on July 30, it's taken quite longer than I thought it would but the trade is still in play with even better risk reward ratio.
Original chart
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Good Luck!!!
ridethepig | IBEX📌 Another example of the erroneous breakdown, a very similar position to DAX, CAC, FTSEMIB and STOXX. We can see how clearly the virus is leading the equity board, as Spain were the first to enter back into the second wave the prevention of a freeing breakup is being made possible via the important loss of diagonal support.
"Sell weakness, and even more when the lows are untested in an environment which can be described as very similar to the original protection. The fact that we are technically well placed when it comes to sub 7,000 we should express dramatically more weakness in Spain and play another test of its lows".
As usual thanks for keeping the feedback coming 👍 or 👎
CRASH IBEX35 (SPAIN )Here I share the fall that awaits Spain and in what year could have the strong recovery. As long as we fight to do things right with the help of companies and with good economic management. A possible decade of waiting.
Aqui comparto la caida que le espera a España y en que año podría tener la recuperacion fuerte. Siempre y cuando se pelee por hacer bien las cosas con la ayuda de las empresas y con una buena gestion económica. una posible década de espera.
SP35/IBEX35: Trade Strategy SWING TRADERS(SL/TP)(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SP35/IBEX35: Trade Strategy SWING TRADERS(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because short-term I expect FINAL
PUSH higher to re-test 8300/8340 resistance.
🔸 Summary and potential trade setup
::: IBEX/SP35 2weeks/candle chart review and outlook
::: BEAR flagging currently
::: however, print near 8300/8340 required
::: BUY/HOLD NOW for +1000 points gain
::: 15-20% upside BULLS NOW
::: sellers will come later from overhead
::: 8300/8340 HEAVY RESISTANCE
::: recommended strategy: BUY/HOLD TP 8300
::: swing trade setup / no fast gains here
::: strategy BEARS (later): short 8300/8340
::: TP BEARS is +2500 points (30% decline in rate)
::: SL 5% both sides
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
ESP35 - Bearish Gartley In Bigger Bear Pullback SetupI just started watching this index a few days ago after one of our live room members brought it up, so I have zero understanding of it's personality. Now I know that may seem dumb to many of you but it's actually very important since different setups perform differently depending on the markets personality. (THAT'S WHY WE BACKTEST)
But last week we broke a pretty decent level of structure support & we were waiting for a retest of that previous support turned potential resistance to be used as a chance to hop on a bearish pullback trade to the downside.
After some consolidation, we've no put in a bearish Gartley pattern which can be used as an aggressive reason to enter the aforementioned pullback trade.
Akil
SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(SWING)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBEX/SP35 chart review and outlook
::: bear flagging on 4days/candle chart
::: 8300/8350 massive gap fill pending
::: GAP is getting filled and then we are getting
::: a 30% correction in Q3/Q4 2020
::: up to 30% correction next 6/9 months
::: short-term likely more upside though
::: currently trading at 7 000
::: so next 4-12 weeks may pop higher
::: HEAVY RESISTANCE: 8300/8350
::: Recommended strategy: SHORT IT 8300/8350
::: SL 5% TP1 20% TP2 +30%
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
