The Ibex as you can see fell during the session on Tuesday, testing the bottom of the hammer from the Monday session. With this, the market looks as if
The Ibex as you can see fell during the session on Tuesday, testing the bottom of the hammer from the Monday session. With this, the market looks as if there is support below though, so we believe that a bounce is coming. We will wait to see if we get a supportive candle or at least a bounce in order to start going long. However, we anticipate that the consolidation is going to continue on for the next several sessions and therefore we are not looking for large positions or long-term positions at this point.
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.
