22-01-2018 DAX Outlook Summary
22-01-2018 DAX Key Levels
| KEY LEVELS | |
| POC * | 13414 |
| Value Area High * | 13441 |
| Value Area Low * | 13388 |
| 14 Day ATR | 136.25 |
| 200 EMA | 12635 |
| Daily R2 | 13615 |
| Daily R1 | 13540 |
| Daily Pivot | 13399 |
| Daily S1 | 13324 |
| Daily S2 | 13182 |
| *These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices | |
22-01-2018 DAX Charts
DAX Daily Chart
- Massive progress made on Friday to take out (and hold) the 13350 and 13425 levels
- 13535 is the all time high and the goal is now to take that out
- The swings are bullish and we are looking to continue a major bullish impulse leg
240 minute DAX Chart
- We are still bound by the trend line formed at EP1 EP3 and EP5
- If we bounce lower, temporarily, the horizontal lines may provide support
- 13350 look interesting
60 Minute DAX Chart
- There is a confluence of levels around 13350
- Horizontal level
- Fork median line
- Multi-pivot level (black line)
10-minute DAX Chart
- I am watching for this lower median line parallel to hold (or the sliding parallel)
- This is also in the 350 zone
