The Ibex initially fell during the course of the day on Friday, but found enough support near the €10,300 level to turn things back around and form a
The Ibex initially fell during the course of the day on Friday, but found enough support near the €10,300 level to turn things back around and form a nice-looking hammer. The hammer of course is a bullish sign, so we feel that the market will continue to go higher. However, this is more or less a situation that remains choppy, so this is going to be more of a grind higher than anything else. We have no interest in selling, but recognize that we will have to be patient in our long positions.
Ibex Forecast November 9, 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.
