11-05-2018 Dax Technical Analysis

11-05-2018 Dax

Good morning traders and welcome to the 11-05-2018 Dax Technical Analysis.

Today in the morning briefing we discussed the basics of pivots, median lines and forks. Premium/Gold members, make sure you log in to the website (click the login menu item above) to access the swing trading course to learn more about these tools and how to apply them. The morning briefing video is below, so please hit the like button and subscribe to the youtube channel to stay updated with future content.

11-05-2018 Dax Technical Analysis

The Dax30 is Bullish

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The major swings are bullish above 12920, the best strategy appears to be buying dips. Look term targets to the upside are open for now, but the swings can lead us for as long as the series of higher highs and higher lows continues. If we break 12920 then it’s an interesting decision point and the price could begin a new downtrend.

KEY LEVELS
POC * 12971
Value Area High * 13015
Value Area Low * 12959
14 Day ATR 146.79
200 EMA 12550
50 EMA 12546
Daily R2 13102
Daily R1 13065
Daily Pivot 12994
Daily S1 12956
Daily S2 12886
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices

11-05-2018 Dax Charts

I have marked out an interesting zone, somewhere around 12980. This is a zone that may create a reaction, based on the action from this morning’s open. The chart is a 250 tick chart on Dax CFD.

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