The MIB broke higher during the course of the day on Friday, breaking the top of the hammer from the Thursday session. With that, we believe that the
The MIB broke higher during the course of the day on Friday, breaking the top of the hammer from the Thursday session. With that, we believe that the market will eventually go higher, and once it clears the 19,400 level, we feel that it will be able to go much higher given enough time. Pullbacks will continue to be buying opportunities as we feel the market has found a significant amount of support in this general vicinity. On the other hand, we need to be patient enough to wait for the
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.
