The DAX is still bullish with a succession of higher highs and higher lows. The trend defining level is the minor low at 12 209 on futures. The video below will look at how i’m trading the DAX after the Easter break.
But before we got on to that, let’s take a look at the charts and key levels. The daily chart shows that we’ve had a consecutive run of seven higher highs and higher lows on each of the individual daily candles. This price action is always good to see as it confirms a bias.
In the video below, I also show how the changing of ‘frequency’ of price action is a clue to a trend coming to an end. We examine some examples of the angles of lines at the moment on the hourly chart. These angles have played out through the entire month of April.
|DAX KEY LEVELS|
|FDAX KEY LEVELS|
|Point of Control :||12237|
|Value Area High :||12290|
|Value Area Low :||12177|