MontyMacht

Aesthetic Analysis Confirms Direction South

Short
FOREXCOM:ESP35   IBEX 35 Index
Monthly upper Bollinger Band is not very reliable, in that case. There is definitely a room to grow for ESP35, given the bad history, but the time has come according to the trend lines and Fibonacci. The tension through the end of the triangle is pullung the eyelid downwards since it ran out of fuel. The trend of RSI also shows the tendency for a downfall before reaching an oversell.
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