The Ibex gapped lower initially at the open on Wednesday, but bounced around enough to form a shooting star. This suggests that perhaps the Ibex is going
The Ibex gapped lower initially at the open on Wednesday, but bounced around enough to form a shooting star. This suggests that perhaps the Ibex is going to continue to fall, but quite frankly there’s more than enough support just below to keep this market afloat sooner or later. By being very patient, you may get a daily supportive candle that offers value in a market that should otherwise go higher given enough time. There is a gap above that still needs to be filled, and it should attract buyers sooner or later.
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.
