01-03-2019 Dax Technical Analysis

01-03-2019 Dax

If the DAX continues this epic momentum, then perhaps we are going to see a completion of the AB = CD move on the daily chart, which points as high as 12,000. A new month begins and fresh capital flows to the undervalued equities, perhaps these are going to be less and less available in the short-term, we will soon see. I imagine that many traders are fading this bullish momentum, but for now, the market remains in buy mode.

FDAX KEY LEVELS
  CFD
Point of Control :  11472
Value Area High :  11512
Value Area Low :  11437
VWAP :  11478
R2 :  11629
S2 :  11347
Pivot :  11488
High :  11538.0
Low :  11397.0
DAX KEY LEVELS
  CFD
POC :  11498.5
VAH :  11505.5
VAL :  11467.0
VWAP :  11483.6
R2 :  11599.4
S2 :  11385.7
Pivot :  11492.6
High : 11548.2
Low : 11441.4