IBEX 35 (IBEX) 3 Day Down Streak Ended; Breaks Above 50 Day Average

2 mins read
IBEX

The Hourly View for IBEX Last Updated February 22, 2021, 01:011 GMT Currently, IBEX’s price is up 3 (0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on IBEX. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly…

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