The Ibex initially fell during the day on Wednesday, but found enough support below in order to turn things back around and form a hammer. We need to get
The Ibex initially fell during the day on Wednesday, but found enough support below in order to turn things back around and form a hammer. We need to get above the 10,300 level first though in order to start buying. If we break above there, it’s obvious that the market will break out to the upside at that point in time. Expect a lot of volatility between now and then, and pullbacks should continue to offer buying opportunities. With this, we are bullish and have no interest whatsoever in selling at this point in time.
Ibex Forecast October 23, 2014, 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.
