analysing chart patterns after a news algo driven few seconds flash crash...
bloomberg:
"It looks like it was a algorithm-driven flash crash triggered by a Financial Times article based on French President Hollandes speech on Brexit, said Angus Nicholson, a markets analyst in Melbourne at IG Ltd. Given low volumes in the Asian session, it would have forced other algorithms to join in and magnify the fall."
heres everything you need to understand how flash crashes works:
bloomberg:
"It looks like it was a algorithm-driven flash crash triggered by a Financial Times article based on French President Hollandes speech on Brexit, said Angus Nicholson, a markets analyst in Melbourne at IG Ltd. Given low volumes in the Asian session, it would have forced other algorithms to join in and magnify the fall."
heres everything you need to understand how flash crashes works:
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