Very bad news for the Spanish market, an island reversal(in the red circle) remain valid then the further decline will come and continuing pressure should lead the price near 6400.
In this bearish view, I expect to see today gap remain open!
In this bearish view, I expect to see today gap remain open!
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Island reversal has been stayed open yet. Next wave down should come soon otherwise new high, a little bit above 8000, is in the pocket
