IBEX35. Spanish market getting ready to pop
IBEX35, the spanish stocks index, is ready to pop but first it has to correct to a huge support zone which was a resistance for approximately year and a half.
A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position.
If everything is correct, will place a buy order at 9134 level, SL: 9090 and TP at 10300
A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position.
If everything is correct, will place a buy order at 9134 level, SL: 9090 and TP at 10300
Kommentera:
Larger view with important support/resistance zones highlighted
Kommentera:
Some more long term development
Kommentera:
And still expecting a drop on short term
Trade stängt: målet nått:
It was painful but it finally got there
Trade stängt: målet nått:
Long term target reached
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!