IBEX reaching the strong upside resistance

IBEX is testing 9000

 

IBEX has been rejected from 9000.  This rejection from the confluence of the long-term falling trend line and wedge upside resistance line will eventually lead to a test of the wedge downside resistance 8500. A break below 8700 and 85000 will call for more downside

Note: look for the short trade entries with the stop loss above 8950

IBEX downside reversal

 

 

 

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