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
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.
