Good morning traders! This evening there will be a webinar, 8 pm UK time, come and join that. It will be hosted by Jean Pascal Ferra from ATAS, he will be introducing some advanced strategies for using Bid x Ask Imbalances. Please register for that one in advance by clicking here.
Dax Video
DAX Signals
Yesterday we had a great signal on the premium channel, we bought around 12575 targeting 12650:
DAYTRADE BUY #GER30 @ 12577.65 | SL:12530.00 | TP:12650.00 | 2017.06.28 09:47 (BST) | ID 13626544
This trade followed one of my strategies for finding bullish divergence below the Bollinger band. On a break back inside the Bollinger band, the price can look to test the centre line or at least 50% of that.
DAX Daily
- Ascending triangle support breaks, but support found at 12540
- Pullback starting to find resistance at 12725
- Currently testing resistance – the underside of the triangle break
- Potential bear trap forming if bounce continues
- 12500 is a key level to hold for Bulls
01 Daily Chart – Dax Technical Analysis
DAX 2-Hourly
- Testing resistance – underside of the thick black line (trend line)
- Bounce from the 100% extension (AB = CD)
- Back inside the Bull channel after piercing it to the downside
02 2 Hourly Chart – Dax Technical Analysis
DAX 5m
- Testing resistance – Bollinger Band centre line and daily R1
- Bullish divergence below the Bollinger Band saw a nice bounce
03 5m Chart – Dax Technical Analysis
DAX Profile
- Starting the day above the value area high from yesterday
- Two low volume pockets formed yesterday, potential targets for short trades
- Major 12725 level/zone may act as resistance
04 DAX Market Profile
