IBEX 35 Index

It’s been a feast for bulls operating on an hourly timeframe, as ibex 35 index has now gone up 8 of the past 10 hours.

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

Price action traders may also wish to note that we see a doji candlestick pattern on ibex 35 index.

Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.

Price action traders may also wish to note that we see a pin bar candlestick pattern on ibex 35 index.

Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.

Relative to other instruments in the equity indices asset class, ibex 35 ranked 13th since yesterday in terms of percentage price change.

Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.