DAX is currently consolidating on the weekly chart. Historically (going back to 2007), every time we'd consolidated with similar price action, we had a big move ahead in the mid term future (1-4 months).
I have no backtesting probabilities on the pattern but a "visual backtest", we are getting quite far away from mean. Although it is not even close to records, it's stretched no matter how one look at it.
Some big instruments in Nasdaq declined hard the other day but bulls did another BTFD -event and we're back to ATH. What kind of an catalyst is needed for this market to correct..?
I have no backtesting probabilities on the pattern but a "visual backtest", we are getting quite far away from mean. Although it is not even close to records, it's stretched no matter how one look at it.
Some big instruments in Nasdaq declined hard the other day but bulls did another BTFD -event and we're back to ATH. What kind of an catalyst is needed for this market to correct..?
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.