The DAX index continues to remain bullish above 13096 on CFD. We attempted yesterday (pretty early yesterday) to break the previous low, but the low remains the trend-defining level. Be aware that this market has rallied 1500 points without any major corrective pullback and of course there are risks of a global recession on the horizon. However, this probably will not cascade down to the markets immediately and
If conditions remain as they are, in terms of easy monetary policy, then the DAX can continue to move higher.
DAX Morning Webinar
I will be looking to set up a regular morning webinar at 8am UK time, which will be broadcast on Twitch. You can follow the channel by searching ‘thedaxtrader’ on Twitch. Or of course, you can join the telegram channel by clicking the telegram icon in the menu.
The webinars are recorded by Twitch and you will find them at the bottom of this article.
This morning we spent a bit of time talking about the price action from yesterday, particularly at vwap zoom and holds. Watch the videos below for more on that. Here is the analysis from the chartbook:
Yesterday I sent out just a single DAX signal (a long) which I took from the DAX trading strategy which was closed just before 7pm. The timing was almost perfect, because the rest of the market seemed to do the same thing.
DaxTrader Index Signals, [13.11.19 13:07]
DaxTrader Index Signals, [13.11.19 18:43]
Open price: 13202.55
Closed at price: 13241.47
DAX Key Levels
|Point of Control||13223|
|Value Area High||13257|
|Value Area Low||13188|
DAX Webinar Recordings on Twitch
There was a power cut in the middle of the stream, so I had to reboot it. Hence the two recordings.