Fading the Risk Recovery

8 באוג׳ 2024

Fundamentals & Sentiment

CN50A:
- The general narrative: China is struggling to recover, thus Chinese Indices fell behind the rest of the world during the recovery
- Balance of trade is down

USD
- Fed officials tried to calm the markets, Dollar Smile Theory

Technical & Other

-Risk recovery has been exhausting and CN50A was behind all other indices

Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: Feb support
Risk: 0.64%

8 באוג׳ 2024

עסקה סגורה: הגיע לסטופ

Sharp recovery in Nikkei at the opening hinted possible strength of Chinese opening