The previous week was very bearish in the MIB, as we sliced down through the 18,000 level. Because of this, we do make a fresh, new low, which of course
The previous week was very bearish in the MIB, as we sliced down through the 18,000 level. Because of this, we do make a fresh, new low, which of course is a very bearish sign. We believe that this market will continue to go much lower, as it is obvious that the sellers are most certainly in control at this point in time. We have notched in buying this market, it looks far too bearish at the moment even consider doing so as not only do we have a slice through support, but we also have a long candle that’s closing at the very bottom of the range.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
