The MIB had a back and forth session during the day on Monday, essentially settling on a slightly negative candle. However, the candle is somewhat
The MIB had a back and forth session during the day on Monday, essentially settling on a slightly negative candle. However, the candle is somewhat supportive and the fact that it looks a bit like a hammer, and it is sitting right on top of the gap from the month of May. Because of this, we believe that this market could very well go higher from here, will we are waiting on is either a break in the top of the hammer, or whether or not we get a supportive candle even lower. We have no interest in selling this market.
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.
