IBEX either fail or about to break 9400

29 Nis 2016

- 1 hour potential Head and Shoulder formation targets 8800
- A bounce from current level may put in a strong rebound to test upper bullish channel
- If H&S plays out - the target is decent and viable since 8800 level has minor support April 15

See weekly and daily chart too for directional play

4 May 2016

Not

This trade has taken place with a head and shoulder formation playing out - daily chart is in full bearish mode and rallies remain a short opportunity