The Ibex initially gapped higher at the open on Thursday, and then turned back around to fall quite a bit. We still haven’t filled the gap completely, so
The Ibex initially gapped higher at the open on Thursday, and then turned back around to fall quite a bit. We still haven’t filled the gap completely, so it’s likely that we could drift a little bit lower before seen buyers get involved. On a supportive candle, we are buyers of this market though, but we also recognize that the gap above should be resistive as well. Once we get above the €11,150 level, we are buyers of this market as it should continue to go much higher. We have no interest in selling this market at this moment.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
