German 40 IndexLong
18.08.24
Price earlier this week hace been very bullish especially after Wednesdays CPI data release indicating there signs of stability in the economy which my increase the chances of a rate cut in September. Wednesday Fed Chair Jerome will give a clear statment of what may happen with interest rates and there will also be PMI and inital jobless claim data on Thursday.
US30: After price took Mondays lows on Tuesday, US30 has not returned to that spot. WIth the current state of price action, I see price aiming towards 41414.72
GER40: Price on the DAX hasnt returned back down after rebounding off a 4h order block on Tuesday aswell and seems to be reaching 18916.9
US30: After price took Mondays lows on Tuesday, US30 has not returned to that spot. WIth the current state of price action, I see price aiming towards 41414.72
GER40: Price on the DAX hasnt returned back down after rebounding off a 4h order block on Tuesday aswell and seems to be reaching 18916.9
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