Indicators are neutral but the chart pattern is bearish for tomorrow.
FDAX chart patterns can be a bit deceiving, but I'm guessing gap down tomorrow. Also, Euro inflation numbers Thu.
FDAX chart patterns can be a bit deceiving, but I'm guessing gap down tomorrow. Also, Euro inflation numbers Thu.
Note
German inflation 8.8%, highest since 70's oil crisis. No idea why they pumped before the numbers came out, lol. Guess teh algos had to buy the oversold condition, you'd think they'd just shut the damn thing off after what Powell said.ECB has to hike rates .75%, I don't think they have a choice.
reuters.com/markets/europe/german-inflation-rises-88-august-2022-08-30/
Note
Dropped then reversed in the morning, lol.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.