The Spanish Index remains quite vulnerable.
It is preparing for wave 5 down which will push the index below the recent low of wave 3.
Strategy
Short term: go short below 6570
Increase short position below 6400
and I can add for the fans of Technical Analysis that we have a possible H&S formation since Wave 3
Disclaimer
Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.
It is preparing for wave 5 down which will push the index below the recent low of wave 3.
Strategy
Short term: go short below 6570
Increase short position below 6400
and I can add for the fans of Technical Analysis that we have a possible H&S formation since Wave 3
Disclaimer
Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.
Nota
and I can add for the fans of Technical Analysis that we have a possible H&S formation since Wave 3
Winstox
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Winstox
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.