Welcome to the 24-07-2018 DAX Analysis. We are bullish above ‘384 and are waiting for ‘775 to be taken out to confirm a new ‘higher low’ at 466.We can update the forks by using the 466 low as a speculative ‘C’ point. Notice how we’ve already tagged the ML?The new fork in the chart below is interesting because we can see a nice A-line and price ‘peeled away’ from the LMLH.

24-07-2018 Dax Technical Analysis Video

The DAX remains bullish above 12384 in the longer term, however there is a bearish engulfing candle on the hourly providing a BBRSI setup from the strategy. Ensure you have your indicators switched on. I have also uploaded the latest version of the indicator to the forum. The video this morning will go through the BBRSI in a bit more detail.

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