The Ibex fell initially during the day on Thursday, testing the €10,300 level. With that, it looks as if the market is trying to find support, as we have
The Ibex fell initially during the day on Thursday, testing the €10,300 level. With that, it looks as if the market is trying to find support, as we have seen several times in this region. Below there, the €10,000 level is essentially the “floor” in this market, and as a result we are looking for supportive candles between here and there in order to start buying. We think that once we get above the €10,800 level, which of course was the top of the shooting star, the market is then free to go much higher. We have noticed whatsoever in selling this market.
Ibex Forecast October 30, 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.
