27-12-2018 Dax Technical Analysis

27-12-2018 Dax

Dax Overview

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. 

Key Levels

  DAX FTSE DOW ESTOXX
Point of Control :  10598 6698 22289 2975
Value Area High :  10609 6723 22334 2990
Value Area Low :  10551 6680 21978 2971
VWAP :  10585 6695 22201 2981
R2 :  10725 6727 22840 3020
S2 :  10399 6645 21293 2928
Pivot :  10562 6686 22066 2974
Camarilla Breakout (Bull) 10618 6709 22235 2988
Camarilla Breakout (Bear) 10439 6664 21384 2937