The Ibex initially tried to rally on Friday, but found enough resistance at the 11,050 level to turn things back around to form a shooting star. The
The Ibex initially tried to rally on Friday, but found enough resistance at the 11,050 level to turn things back around to form a shooting star. The shooting star is sitting on top of the support that we’ve seen earlier in the week, and there is a gap just below current levels. With this, it’s only a matter of time before we find a supportive candle in order to turn around and start going long. Ultimately, we believe that the market will go higher, but we are going to have to be patient and wait for that right candle.
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.
