10-10-2018 Dax Technical Analysis
|DAX KEY LEVELS|
|Value Area High||12001|
|Value Area Low||11908|
|Camarilla Breakout (Bull)||12076|
|Camarilla Breakout (Bear)||11850|
Five consecutive lower lows on the daily chart suggests a much lower probability of sixth lower low today. Therefore I am looking for higher prices today. A break below 11900 might slow me down.
The minor swings are currently bullish above 11800, but the overall major trend is bearish below 12343.
We are currently trading just below the value area low on this October composite volume profile. If we break inside that, the October VWAP is currently 12134 and the point of control is currently 12255. Interesting targets.
10-10-2018 FTSE Technical Analysis
|FTSE KEY LEVELS|
|Value Area High||7248|
|Value Area Low||7223.5|
|Camarilla Breakout (Bull)||7269|
|Camarilla Breakout (Bear)||7195|
Another example of a long-standing daily regression channel being used, this time on #FTSE. Yesterday’s range was 68, breaking the recent run of consecutive 100+ point range candle, but the volume was still high.
10-10-2018 DOW Technical Analysis
|DOW KEY LEVELS|
|Value Area High||26528|
|Value Area Low||26442|
|Camarilla Breakout (Bull)||26612|
|Camarilla Breakout (Bear)||26371|
I’m surprised to see how long this bullish regression channel has held. The last three days of price action have suggested a rejection of lower prices, depsite a lack of any meaningful correction. Bullish above 26227.
Monday’s value area was pretty much the range of yesterday’s price action on the #DOW. A nice balance day, closing pretty much on the point of control.