Yesterday’s price action on the German DAX remained completely inside the range of the previous day. We traded in an 80 point range, which is less than half of the average daily range of 174. So we are winding up for a breakout soon and this means bad news for my trading strategy. I need momentum in the market, not compression.

In the DAX technical analysis video this morning, I talked about fading the VWAP deviation bands in situations like these. So this is another strategy I will monitor today.

DAX Key Levels

MethodPrice
VWAP13416
Point of Control13410
Value Area High13432
Value Area Low13394
Pivot13410
R213487
S213332

DAX Technical Analysis Video

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