IFX.DE Weekly Chart Our Expectations: Ascending Trend, Correction to Horizontal and Diagonal Support. Opportunity for long positions with stop 18 euro.
Alternative Scenario: If the price does not hold back and fall back under the support, the correction may be deeper, testing 50% Fibonacci on the main move and 200 periodic weekly graphs.
Comment: Upward trend, correction to diagonal support. The price rises back above horizontal structural support. That the price failed to close the previous week under the diagonals is a positive signal. Forming a pin bar on levels of support for weekly graphics - a strong bullish signal, signaling for bull level rejection. For a more precise entrance, we wait for the bar to close this week and position itself with a good sentiment at the beginning of the other.
Technological actions continue with their hegemony in the US, and I expect this mood to surrender to their European counterparts.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.