23-11-2018 Dax Technical Analysis

21-11-2018 Dax

Hello traders. Just a quick one today, because I had a couple of web-hosting issues this morning which delayed my ability to do this article. So this one will just be the charts and key levels and the regular analysis will return on Monday. As it’s Black Friday, perhaps there is a bias towards the upside for the cash markets, given the increase in expected retail sales figures. But, I will probably take that with a pinch of salt today.


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POSITION SIZE CALCULATOR
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TELEGRAM CHANNEL: More Analysis
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Daily Chart

Double bottom limiting the downside. Overhead press (downsloping high-to-high trendline) limiting the upside.

Hourly Chart

Trend defining levels 11418 and 11009
Bearish below 418.
Break below 11009 to continue trend

Profile

See the key levels below

Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  11182 6974 24485 3135
Value Area High :  11187 6993 24556 3140
Value Area Low :  11145 6959 24417 3129
VWAP :  11173 6982 24443 3134
R2 :  11325 7095 24673 3166
S2 :  11030 6879 24185 3100
Pivot :  11177 6987 24429 3133
Camarilla Breakout (Bull) 11232 7024 24553 3145
Camarilla Breakout (Bear) 11070 6905 24285 3109

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