IBEX 35 4 Hour Price Update
Updated September 14, 2020 11:15 PM GMT (07:15 PM EST)
IBEX 35 came into the current 4 hour candle down 0.17% (12.01) from the open of the last 4 hour candle, marking the 3rd candle in a row it has gone down. Out of the 14 instruments in the equity indices asset class, IBEX 35 ended up ranking 9th for the four-hour candle in terms of price change relative to the last 4 hour candle.
IBEX 35 Daily Price Recap
IBEX 35 closed yesterday down 0.8% (56); this denotes the 2nd straight day it has gone down. Out of the 14 instruments in the equity indices asset class, IBEX 35 ended up ranking 13th for the day in terms of price change relative to yesterday. The daily price chart of IBEX 35 below illustrates.
IBEX 35 Technical Analysis
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that IBEX 35’s price has gone down 15 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.