Home / Forex Treiding / French stocks hit an 11-year high yesterday. Then it all fell apart.

French stocks hit an 11-year high yesterday. Then it all fell apart.


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The outside day in French stocks yesterday was the tell


At the open yesterday, the French CAC -40 index hit an 11-year high in what looked like a breakout. It wasn’t.

The index traced an outside day and closed down 1.1% — something I highlighted at the time. Today, it’s down another 2% in the worst day since August.
It’s a reminder that an outside day on a breakout is one of the best indicators there are.
ForexLive

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