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The Ibex, determined to attack the resistance it presents in the last bearish hole



Little by little the volatility begins to relax and this is a sign that the rebound continues. In fact, we already have the bearish gap of 7,437 points just around the corner.

Technical analysis

Short term

Medium term

Long term

The least of this Thursday was if we were going to close in green or red. Finally we have done it at the session highs and at the closing auction (+ 1.31%). In fact, after a 21% rebound from last week's lows It would not be strange if we took a little break at any time. A pause along the way within the current rebound phase that may still continue in the coming days / weeks. At this point it seems that it is a matter of time, rather of little, that we attack the resistance that we have in the last of the bearish holes (7,437) and above we have the level of 8,000 points. Resistance zone and not for being a round and psychological figure. Technically it is an adjustment / reversal of the 50% of all fall from February highs. And as a maximum target for the rebound, the penultimate of the bearish holes in the approx. 8,400-8,450 points.

Daily chart of the Ibex in the year

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