Good morning traders, the original analysis was submitted this morning at 7:15am on the member’s forum. 

Overall, the market is bullish above 12384 for now. 
 
On Friday the DAX shed 125 points (-1.12%) with a 242 point range and as a result we have widened the daily pivot levels. The pivot for today is 12569, which we are below and with the gap lower this morning we are seeing some very [short term] bearish momentum. Therefore, if I am looking to buy, I think there is scope to sit and wait for price to retrace to that zone, or potentially scalp short it.

I am looking to buy, let’s consider the strategies:

I am marking out the 12440 to 12460 zone as a potential buy zone. This zone came from the ACR line set chart that I sent to the chat room this morning. I like how there is an exposed POC around there as well. If we bust lower through that zone, I may give it one more go, perhaps with a BBRSI trade (as it’s likely that a signal will fire from that strategy).

The economic calendar is pretty light today and there is not a lot of volume out there at the moment. So perhaps tomorrow will provide the better opportunities.

23-07-2018 Dax Charts

23-07-2018 Dax Analysis Video

No public video today, I will publish one tomorrow.