Daily Chart

There are some interesting observations on the DAX today. Firstly, today’s high has already taken out the Friday high and the day’s low is looking to break the Friday low. This would create an outside bar. Next up, we are still underneath the daily chart median line, visible on the pitchfork line-set. The median line is the central down-sloping line. Finally 11400 seems to be providing reasonable support for now and the longer it holds, the stronger it becomes. It will require some strength to take that out.

Hourly Chart

The minor swings show no specific trend. The most recent hourly candle is significant, being over 160 points in range, but not demonstrating any real uplift in volume.

We are currently in a trading range.

Key Levels

  DAX FTSE DOW ESTOXX
POC: 11508 7101 26051 3223
Value Area High: 11540 7110 26116 3226
Value Area Low: 11469 7090 25935 3211
VWAP: 11490 7098 26056 3221
R2: 11639 7174 26405 3260
S2: 11364 7044 25675 3192
Pivot: 11501 7109 26040 3226
Camarilla Breakout (Bull) 11614 7156 26185 3254
Camarilla Breakout (Bear) 11462 7085 25783 3216

Dax Signals

Some nice setups from the DaxTrader Scalper this morning. Members can access this from the member’s page.

Useful Links & Resources

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