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
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.
