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Morning traders and welcome the 05-02-2019 Dax Technical Analysis article.
The popular belief at the moment is that the DAX can continue to stagnate for a little longer and is unlikely to budge today.
The German stock market barometer has been stuck in a narrow range between 11,000 and 11,200 points for over a week and there is no clear direction on the horizon, either fundamentally or in technical terms.
It seems the best strategy to adopt at the moment is a range-trading strategy. But in the quiet times, make sure you study.
Here’s another look at the article I wrote about ‘how markets move’: https://thedaxtrader.co.uk/how-the-dax-moves/
05-02-2019 Charts
Daily chart
Hourly Chart
Profile
05-02-2019 Key Levels
DAX | |
Point of Control : | 11188 |
Value Area High : | 11190 |
Value Area Low : | 11144 |
VWAP : | 11163 |
R2 : | 11289 |
S2 : | 11057 |
Pivot : | 11173 |
Previous High : | 11216 |
Previous Low : | 11100 |
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