IBEX35 key resistance rejection
On the IBEX35 daily chart, we can see that the instrument is retesting again the previously broken downside resistance now a support zone 9250-9300 and is being rejected by it. This zone should hold for the extension downside and a daily close below the 9160 level will accelerate it. Invalidation of the downside extension will come only on a daily close above 9200.
Note: look for the short entries with the stop loss above 9220.
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