Daily Chart
There are some interesting observations on the DAX today. Firstly, today’s high has already taken out the Friday high and the day’s low is looking to break the Friday low. This would create an outside bar. Next up, we are still underneath the daily chart median line, visible on the pitchfork line-set. The median line is the central down-sloping line. Finally 11400 seems to be providing reasonable support for now and the longer it holds, the stronger it becomes. It will require some strength to take that out.
Hourly Chart
The minor swings show no specific trend. The most recent hourly candle is significant, being over 160 points in range, but not demonstrating any real uplift in volume.
We are currently in a trading range.
Key Levels
DAX | FTSE | DOW | ESTOXX | |
POC: | 11508 | 7101 | 26051 | 3223 |
Value Area High: | 11540 | 7110 | 26116 | 3226 |
Value Area Low: | 11469 | 7090 | 25935 | 3211 |
VWAP: | 11490 | 7098 | 26056 | 3221 |
R2: | 11639 | 7174 | 26405 | 3260 |
S2: | 11364 | 7044 | 25675 | 3192 |
Pivot: | 11501 | 7109 | 26040 | 3226 |
Camarilla Breakout (Bull) | 11614 | 7156 | 26185 | 3254 |
Camarilla Breakout (Bear) | 11462 | 7085 | 25783 | 3216 |
Dax Signals
Some nice setups from the DaxTrader Scalper this morning. Members can access this from the member’s page.
Useful Links & Resources
SIGNALS RESULTS
https://thedaxtrader.co.uk/daxtrader-signals-results/
ECONOMIC CALENDAR
https://thedaxtrader.co.uk/economic-calendar/
DAX-RELATED NEWS
https://thedaxtrader.co.uk/dax-news-feed/
LIVE DAX CHART
https://thedaxtrader.co.uk/dax-chart-interactive/
POSITION SIZE CALCULATOR
https://thedaxtrader.co.uk/calculator.html
TELEGRAM CHANNEL: More Analysis
https://t.me/DaxTraderChannel