Spain35 Bounces of Support: Continuation Toward 12,356?

28 Oca

ESP35 is respecting an ascending trendline, signaling strong bullish momentum. The price has recently rebounded from the trendline, maintaining the overall structure of higher highs and higher lows, which aligns with the trend continuation narrative.

I anticipate that if the index sustains its upward trajectory, it could move toward the 12,356 level. However, a break below the ascending trendline would invalidate this bullish setup and indicate potential downside.

Feel free to share your perspective or any insights in the comments!

28 Oca

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30 Oca

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