18-01-2019 DAX 30 Technical Analysis

18-01-2019 DAX

The DAX 30 remains Bullish

(For now)

The DAX 30 has finally jumped through the 11k barrier to the start of trading on Friday. The bullish activity stems from the hope for a speedy approach to the trade dispute between China and seems to be driving the majority of sentiment on the major indices. According to reprots, the US government is considering lifting import tariffs on Chinese products. Although the US Treasury had denied this statement.

We are currently trading at highest levels of more than six weeks and it’s the first we’ve seen 11k since the beginning of December. Exceeding this key level could give additional encouragement to traders.

Bullish Targets

11236 and 11395 are longer term targets. These are exposed POCs (points of control).

We have only just trickled over the 11k hurdle, ideally it would be good to see a little more progress there. But if the current price action is not attracting new buyers right now, then a retracement to the 950-975 zone could be interesting. If the retracement goes a little further, then we have 917 and 910 (VAH and POC) from yesterday that can also provide support.

18-01-2019 DAX 30 Daily Chart

18-01-2019 DAX 30 60m Chart

18-01-2019 DAX 30 Volume Profile

18-01-2019 Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  10911 6836 24128 3070
Value Area High :  10918 6845 24235 3072
Value Area Low :  10861 6823 24062 3059
VWAP :  10893 6833 24203 3067
R2 :  11069 6902 24727 3108
S2 :  10770 6776 23848 3040
Pivot :  10919 6839 24288 3074
Camarilla Breakout (Bull) 11039 6890 24578 3100
Camarilla Breakout (Bear) 10875 6821 24095 3063

Useful Website Links

MY TRADING HISTORY
https://thedaxtrader.co.uk/daxtrader-signals-results/

POSITION SIZE CALCULATOR
https://thedaxtrader.co.uk/calculator.html

DAX NEWS
https://thedaxtrader.co.uk/dax-news-feed/

TRADING ACADEMY
https://thedaxtrader.co.uk/daxtrader-academy/

THE DAX STRATEGY
https://thedaxtrader.co.uk/dax-trading-strategy/

THE DAX LIVE ROOM
https://thedaxtrader.co.uk/live-trading-room/

FREE SWING TRADING BIBLE
https://thedaxtrader.co.uk/swing-trading-bible/

FREE TELEGRAM CHANNEL
https://t.me/DaxTraderChannel

ABOUT MEMBERSHIP HERE
https://thedaxtrader.co.uk/daxtrader-membership/

ECONOMIC CALENDAR
https://thedaxtrader.co.uk/economic-calendar/

LIVE DAX CHART
https://thedaxtrader.co.uk/dax-chart-interactive/


Watch live video from thedaxtrader on www.twitch.tv