IBEX is breaking below a strong downside resistance
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IBEX is breaking below a long-term 8455 downswing resistance level. A confirmation is needed here for a downside extension to the 6700 lower long-term triangle line. A break above 8500 will be required for the invalidation of this ongoing swing down.
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The weekly chart is showing a break below the medium-term triangle 8640 and a continuation below 8454 which is an indication of a downswing strength. A confirmation of the break below 8454 is needed to invalidate a possible bullish flag.
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On a daily chart, we can see a good RR short trade opportunity Already a member? This article is so good, it’s for premium members only.
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