DAX 30 Daily Chart
The swings are still bearish on the daily chart and the recent bullish price action is seen as a simple reaction leg from the lows (a retracement bounce).
Right now the 11,000 is stubborn resistance and if we continue to fail here then it’s likely that the trend to the downside will resume.
If 11,000 is taken out, then the gap close around 11,090-11175 will be the obvious target.
DAX 30 Hourly Chart
The bullish reaction leg is more visible here, but we can see that it is slowing down into a range.
We only just spiked to a new high (today), so the higher highs and lower lows are tenuous at best.
A range trading strategy may be the best option until a clear break is found.
DAX 30 Intraday Chart
There was an interesting fork yesterday (explained in the video) and today there is a new fork to watch.
The Value Area High, Point of Control and Value Area Low are target areas if price moves to the downside.
If price bounces higher again, then look for a return to the fork median line.
DAX 30 Targets
|Point of Control :||10832||6850||23890||3054|
|Value Area High :||10865||6871||23963||3060|
|Value Area Low :||10810||6847||23808||3047|
|Camarilla Breakout (Bull)||10932||6887||24047||3073|
|Camarilla Breakout (Bear)||10820||6828||23786||3044|
Useful Website Links
MY TRADING HISTORY
POSITION SIZE CALCULATOR
THE DAX STRATEGY
THE DAX LIVE ROOM
FREE SWING TRADING BIBLE
FREE TELEGRAM CHANNEL
ABOUT MEMBERSHIP HERE
LIVE DAX CHART