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IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Day Chart
IBEX 35 (Spain) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Gray wave 3
Position: Orange wave 3
Direction (Next Higher Degrees): Gray wave 3 (started)
Details: Gray wave 2 appears completed; gray wave 3 of orange wave 3 is now in progress.
Wave Cancel Invalid Level: 10,289.18
The IBEX 35 daily chart indicates a bullish trend based on Elliott Wave analysis, characterized by an impulsive mode. The focus is on gray wave 3, which has begun unfolding within a broader upward trajectory. The market is currently advancing through orange wave 3, which is propelling the bullish momentum.

IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Weekly Chart
IBEX 35 (Spain) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Orange wave 3
Position: Navy blue wave 3
Direction (Next Higher Degrees): Orange wave 3 (continue)
Details: Orange wave 2 appears completed; orange wave 3 of 3 is now in progress.
Wave Cancel Invalid Level: 10,289.18
The IBEX 35 weekly chart highlights a bullish trend under Elliott Wave analysis, with the current phase exhibiting an impulsive mode. The focus is on orange wave 3, which is driving the upward market movement. Within this broader framework, the market is positioned in navy blue wave 3, contributing to the bullish trajectory.

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