The Ibex initially tried to rally during the course of the session on Thursday, but turned back around at the €10,500 level to turn things to the
The Ibex initially tried to rally during the course of the session on Thursday, but turned back around at the €10,500 level to turn things to the downside. Ultimately, we ended up forming a shooting star, which is what we did during Wednesday as well, so it does look like the Ibex is going to probably fall from here. Nonetheless, we see quite a bit of support below, extending all the way down to at least the €10,000 level which we considered to be the “floor.” With this, we are essentially a “buy only” mindset here.
Ibex Forecast November 6, 2015, Technical Analysis
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.
