13-12-2018 Dax Technical Analysis

13-12-2018 Dax

Good morning traders, short and sweet today. I am late to the desk, so here’s the video and the key levels underneath. 

Caution: The Video seems to be struggling to buffer today. But the audio is very clear.

13-12-2018 Dax Analysis Video

13-12-2018 Dax Technical Analysis

We have seen a bounce from the major median line and regression channel support, so we are suggesting that we are ready to test some bullish levels.

Looking at the individual swings, the earlier bearish trend-defining level of 948 has broken. Since then, we have formed a recent higher high. So providing the 725 level holds, we have a new ‘bullish’ trend-defining level. All eyes on the 984 high to break.

Intraday I was wondering if we would see a retracement back towards 845 based on an Action Center Reaction line set, see the video for more information on that idea.

As far as bullish targets are concerned, I am looking at the start of the major exposed gap just above 11k and then the first exposed point of control from the 5th December also looks interesting.

13-12-2018 Dax Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  10942 6892 24619 3109
Value Area High :  10962 6898 24734 3116
Value Area Low :  10908 6879 24535 3103
VWAP :  10919 6883 24628 3106
R2 :  11061 6939 25075 3155
S2 :  10748 6785 24112 3042
Pivot :  10904 6862 24594 3098
Camarilla Breakout (Bull) 11016 6896 24871 3136
Camarilla Breakout (Bear) 10843 6812 24341

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