IBEX35. Spanish market getting ready to pop

IBEX35, the spanish stocks index, is ready to pop but first it has to correct to a huge support zone which was a resistance for approximately year and a half.

A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position.

If everything is correct, will place a buy order at 9134 level, SL: 9090 and TP at 10300

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Larger view with important support/resistance zones highlighted

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Some more long term development

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And still expecting a drop on short term

İşlem kapandı: hedefe ulaştı:

It was painful but it finally got there

İşlem kapandı: hedefe ulaştı:

Long term target reached