The previous week was very bearish in the MIB, as we sliced down through the 18,000 level. Because of this, we do make a fresh, new low, which of course
The previous week was very bearish in the MIB, as we sliced down through the 18,000 level. Because of this, we do make a fresh, new low, which of course is a very bearish sign. We believe that this market will continue to go much lower, as it is obvious that the sellers are most certainly in control at this point in time. We have notched in buying this market, it looks far too bearish at the moment even consider doing so as not only do we have a slice through support, but we also have a long candle that’s closing at the very bottom of the range.
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.
