The DAX is technically bearish below 10683, which is the high printed on 20th December.
However, the 10488 low on the same day has not been broken and the 10497 low from the 21st December appears to be a failed lower low. This would indicate a reversal.
Bulls should watch for a break above 10683 with potential buying opportunities at the bottom of this morning’s gap, assuming that you can get the right reward to risk.
The gap jumped the entire value area from the 21st. Let’s see whether or not the Value Area high and Point of Control hold as support.
|Point of Control :||10598||6698||22289||2975|
|Value Area High :||10609||6723||22334||2990|
|Value Area Low :||10551||6680||21978||2971|
|Camarilla Breakout (Bull)||10618||6709||22235||2988|
|Camarilla Breakout (Bear)||10439||6664||21384||2937|