The Ibex as you can see initially gapped higher but then turned back around to fall rather significantly. By seeing quite a bit of support at the €10,800
The Ibex as you can see initially gapped higher but then turned back around to fall rather significantly. By seeing quite a bit of support at the €10,800 level, the market bounced enough to form a bit of a hammer. The gap above has not been filled yet, so at this point in time we believe that this market will continue to go higher given enough time. It won’t be easy though, so you’re going to have to be able to hang onto quite a bit of volatility in order to get the gains that should come with going long.
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.
