Good morning traders and welcome to the 21-11-2017 Dax Technical Analysis. We are pretty light on the economic calendar today, so we can imagine there will be many surprises and so the plan continues. We have just completed the premium webinar and it was a great session, we opened a Dax trade at 13044 and looked at many different options. I have posted the entire webinar below for your benefit.
Yesterday we also had another nice trade in the premium channel, we bought at 12963 and hit the profit target at 13070, taking the total pip win since the beginning of October to +1100 points, congratulations to those who also took a similar trade. See more about the trading history here:
21-11-2017 Dax Outlook
We are waiting for the minor swings to break on the 2500 tick chart below to confirm that the pullback is technically over. When this happens, we are move comfortable with the bullish bias. We believe that if the German political crisis is not enough to take out the recent lows, then we have a solid base forming at the double bottom.
We are long from 13044, bullish and anticipating a bullish break to be the case.
View this video for the full details. It is an example of a full DaxTrader Premium webinar that we have here every day for subscribers.
21-11-2017 Dax Key Levels
| KEY LEVELS | |
| POC | 13052 |
| Value Area High | 13085 |
| Value Area Low | 12973 |
| 14 Day ATR | 138.44 |
| 200 EMA | 12375 |
| Daily R2 | 13230 |
| Daily R1 | 13142 |
| Daily Pivot | 12999 |
| Daily S1 | 12911 |
| Daily S2 | 12769 |
| *These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices | |
21-11-2017 Dax Charts
2500 Tick Chart
- These minor swings are clearly pointing out the lower lows and lower highs
- Once they are broken, the trend is likely to change
Dax Technical Analysis Chart 1
240m Chart
- This is the trajectory we are looking to follow if the new trend is confirmed
Dax Technical Analysis Chart 2
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