IBEX 35 (IBC-MAC) Short-term Elliott Wave Analysis

By: Elliottwave-Forecast | Thu, Apr 9, 2015
Print Email

Preferred view suggests wave ((w)) of Z completed at 11618. Pull back in wave ((x)) is favored complete @ 11290. Wave (w) ended at 11771, wave (x) also appears completed an 11616 with a perfect test of equal legs down from (w) high. Ideally price should now hold above this level for continuation higher toward 12055 - 12235 area to complete a cycle from 3/26 low. If 11616 low breaks, then 11586 - 11548 would be next area to complete wave (x) from where it should still resume the rally as far as pivot at 11290 (3/26) low remains intact. We don't like selling the Index in any of the proposed pull backs.

IBEX Short-Term Elliott Wave Analysis Chart
Larger Image


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.




Author: Elliottwave-Forecast


Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017 Elliottwave-Forecast.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com