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IBEX Bounces Back: A Perfect Reaction from the Blue Box Zone

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Unpacking IBEX’s Rally: A Technical Analysis Using 1-Hour Elliott Wave Charts

In this blog post, we’ll dive into the recent performance of the IBEX index, focusing on its 1-Hour Elliott Wave Charts. Since the April 7, 2025, low, the rally has unfolded as an impulse structure. Showcasing a sequence of higher highs that suggests further upside potential.

Given this momentum, our advice to members has been to avoid selling the index. Instead buy the dips in 3, 7, or 11 swings within the blue box areas. Below, we’ll break down the structure and provide insights into our forecast.

IBEX 1-Hour Elliott Wave Chart From 6.19.2025 update

IBEX Bounces Back: A Perfect Reaction from the Blue Box Zone

IBEX’s Wave Structure Update: A Closer Look at the 1-Hour Elliott Wave Chart

As of our June 19, 2025, NY Midday update, the IBEX index had completed wave 3 at the 14368 high. The subsequent decline unfolded as wave 4, which corrected the preceding cycle. This pullback followed a double three structure, with wave ((w)) ending at 13858 and wave ((x)) bouncing to 14298. Wave ((y)) then extended to the blue box area (13784-13468), a zone anticipated for buyer interest, potentially triggering a 3-wave bounce or the next significant leg higher.

Let’s examine the latest 1-Hour Elliott Wave Chart update as of June 30, 2025, to see how the structure has evolved.

IBEX Bounces Back: A Perfect Reaction from the Blue Box Zone

IBEX’s Reaction from the Blue Box Area: A Promising Turnaround

Our latest 1-Hour Elliott Wave Chart update from June 30, 2025, shows the index reacting higher after completing its correction within the blue box area. This favorable move enabled members to secure risk-free positions shortly after entering long at the blue box zone. However, a decisive break above the 14368 high is crucial to confirm further upside potential and prevent a deeper pullback.

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IBEX Elliott Wave Analysis: Buyers profit from the blue box

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Hello traders, and welcome to another blog post where we explore trade opportunities from the blue box. Today, the focus is on the IBEX 35, Spain’s benchmark stock market index. The index comprises the 35 most liquid companies listed on the Madrid Stock Exchange.

In early August of this year, stock market indices saw significant declines across the board. Once again, so-called experts started predicting doom. However, we maintained the same outlook we’ve held for months. Our members at Elliottwave Forecast understood our position. We consistently believed that indices should remain within the long-term bullish cycle. We anticipated counter moves would develop as corrective pullbacks in a sequence of 3, 7, or 11 swings. These pullbacks should end at the equal leg, setting up for the next rally. And that’s precisely what happened. Major indices hit their extremes on August 5th, 2024, ending the corrective pullback that began in June 2024 with 3, 7, or 11 swings.

Prices have since recovered from the sharp early August decline. While the experts spread fear, we encouraged our traders to buy indices at the extremes. The IBEX 35 was one of the indices our members successfully traded.

IBEX 35 H4 chart 08.03.2024

IBEX 35

We shared the IBEX 35 H4 chart with members on August 3rd, 2024. The decline from the June 2024 high was completing a zigzag structure. We identified the extreme zone at 10,643 to 10,260 with a blue box. Members entered LONG positions within the blue box, with stops placed below 10,260. Although we found the initial LONG entry using the H4 chart, we continued managing the shorter cycles on the H1 chart several times a day.

IBEX 35 H4 chart 08.21.2024

IBEX

The chart above shows how the IBEX 35 found fresh buyers in the blue box. We shared this chart with members on August 21st, 2024. The rally advanced with an impulse structure, reaching a risk-free zone. The end of wave ((4)) is now confirmed. We identify the impulse rally from the blue box as wave (1) of ((5)). A pullback in wave (2) is expected to hold above the 10,297.99 invalidation level. Afterward, the long-term bullish trend should resume. Therefore, we aim to remain buyers from the extremes of 3, 7, or 11 swings pullbacks across all the indices we cover.

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Elliott Wave View: IBEX35 Pullback Should Find Buyers

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Short term Elliott Wave View in IBEX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 8739.9 and wave 2 pullback ended at 8274.60. The Index extended higher in wave 3 towards 9148.9 and pullback in wave 4 ended at 8804.90. Subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) ended at 8948.3, wave ((b)) ended at 9054.4 and wave ((c)) ended at 8804.73. Wave ((c)) of 4 pullback ended at the 100% – 161.8% Fibonacci extension of wave ((a)) at 8725 – 8850

From the blue box, IBEX has extended higher in wave 5. Up from wave 4, wave (i) ended at 9068.70 and pullback in wave (ii) ended at 9006.10. Index then resumed higher in wave (iii) towards 9203 and pullback in wave (iv) ended at 9099.50. Final leg higher in wave (v) of ((i)) ended at 9240.80. Pullback in wave ((ii)) completed at 8978.20 and Index has resumed higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 9245.60. Expect wave (ii) dips to correct cycle from May 19, 2021 low before the rally resumes. As far as pivot at 8804.73 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.

IBEX35 30 Minutes Elliott Wave Chart

IBEX Elliott Wave Chart

IBEX35 Elliott Wave Video

IBEX Elliott Wave : Buying The Dips At The Blue Box Area

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Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of  IBEX index  published in members area of the Elliottwave-Forecast . As our members know, IBEX is another index that has given us good trading opportunity recently. The index is showing impulsive sequences in the cycle from the March 2020 low. Also showing incomplete higher high sequences in the cycle from the 10/25 low, suggesting further extension higher.  We recommended members to avoid selling and keep on buying the dips in 3,7,11 swings. Recently we got short term pull back that has given us opportunity to enter long trades again.  In further text we’re going to explain the forecast and trading strategy.

IBEX 1 Hour Asia Elliott Wave Analysis 5.13.2021

IBEX is correcting the rally from the 3/23 low. We assume 4 red pull back is still in progress as Elliott Wave ZigZag pattern. The index made  5 waves down from the peak in ((a)) black and 3 waves bounce in ((b)) black.  Ibex should ideally give us another leg down ((c)) of 4 before buyers appear again for further rally or 3 waves bounce alternatively. We don’t recommend selling it against the main bullish trend.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

IBEX

IBEX 1 Hour London Elliott Wave Analysis 5.13.2021

IBEX made proposed leg down  and reached equal legs ((a))-(b)) at 8851.83-8726.04 . At that zone we would like to be buyers , looking for further rally toward new highs ideally.  As the main trend is bullish, we should get 3 wave bounce at least from the Blue Box buyers zone. Invalidation level for the trade would be break below 1.6148 fib extension (8726.04). As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce. As soon as the price reaches 50 Fibs against the ((b)) peak, we will make long positions risk free ( put SL at BE).

IBEX

IBEX 1 Hour Elliott Wave Analysis 5.17.2021

The index found buyers right at the blue box. We got nice rally from the buying zone, when the price break above previous peak. Break above 3 red peak suggested next leg up is in progress. The index is now bullish against the 8804.1 ow in first degree. Members who took longs at the blue box are enjoying profits in risk free trades.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Ibex

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Elliott Wave View: Impulsive Rally in IBEX

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Elliott Wave view in IBEX suggests the decline to 6552.17 ended wave (1). Wave (2) rally is currently in progress as a zigzag Elliott Wave structure to correct the decline from June 8, 2020 high. Up from wave (1) at 6552.17, wave ((i)) ended at 6797.60 and pullback in wave ((ii)) ended at 6639.80. Index then resumed higher in wave ((iii)) which subdivided into another impulse in lesser degree. Wave (i) of ((iii)) ended at 6800.40 and wave (ii) of ((iii)) ended at 6649. Wave (iii) of ((iii)) ended at 6975.40, wave (iv) of ((iii)) ended at 6887.70, and another leg higher should end wave (v) of ((iii)).

Index should then pullback in wave ((iv)) before making another push higher in wave ((v)). The 5 waves move should complete wave A in higher degree. Afterwards, expect the Index to pullback in wave B in 3, 7, or 11 swing to correct the 5 waves rally from September 25 low before Index turns higher again in wave C. As far as dips continue to stay above September 25 low (6552.17), expect further upside in the Index. We do not like shorting IBEX in the near term.

IBEX 60 Minutes Elliott Wave Chart

IBEX Elliott Wave Oct 9

IBEX Elliott Wave Video

Elliott Wave View: IBEX Has Turned Lower

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IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from 3.16.2020 low also ended wave ((4)) in higher degree. The move higher in wave (C) of ((4)) ended at the 100% – 123.6% equal leg area from 3.16.2020 low at 7824 – 8153 area.

Index has since turned lower in wave ((5)). Technically it still has to break below wave ((3)) at 5814.6 to avoid a double correction. Near term, the decline from wave ((4)) high at 7995.3 unfolded as a 5 waves impulse Elliott Wave structure. Down from wave ((4)), wave 1 ended at 7685.3, and bounce in wave 2 ended at 7859. Index extended lower in wave 3 towards 7205.80 and wave 4 bounce ended at 7425.20. Finally, wave 5 of (1) ended at 7065.2

IBEX is now correcting cycle from 6.8.2020 high within wave (2) before turning lower again. As far as pivot at 7995.30 high stays intact, expect rally to fail in the sequence of  3, 7, or 11 swing for more downside.

IBEX 15 Minutes Elliott Wave Chart

IBEX Elliott WWave chart 16 June

 

IBEX Elliott Wave Video