I keep mentioning FDAX, this is why. It's about to lose the rangebound channel it's been in for months. If it breaks, I assume daily indicators will go oversold before we see a bounce. (Note: This IS a daily chart, not 3 hr)
3 hr indicators don't work too well if FDAX goes into a free fall. Just saying from past experience.
So far it looks like US futures traders appear to be betting that FDAX will bounce because ES1! is only down 10 pts. I'm not so sure it will, we'll find out tomorrow morning.
3 hr indicators don't work too well if FDAX goes into a free fall. Just saying from past experience.
So far it looks like US futures traders appear to be betting that FDAX will bounce because ES1! is only down 10 pts. I'm not so sure it will, we'll find out tomorrow morning.
Nota
If FDAX loses support and sends cryptos tumbling, you're gonna see US financials tank because of "contagion". Too many people invested in cryptos now. Sector was already tumbling today....Nota
Looks like it broke, but waiting for confirmation since European markets have not opened yet.
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Aviso legal
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.