Good morning traders and welcome to the DAX Index Technical Analysis for 11-05-2018.
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.
Dax Index 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 INDEX TECHNICAL ANALYSIS 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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