New Pattern Emerging On The Dax?

New Pattern Emerging On The Dax?

Here is an interesting question for you: since the Eurex extended its opening hours, is there a new pattern emerging on the DAX? Specifically I am talking about the price action (around the cash open) on days with a quick rally. And what happens to price action the following day. If you go to the charts at the bottom of the article, the very last chart is the one I am referring to, we can see just how similar yesterday’s price action was to that of a couple of days before. The Asian session range was broken to the downside on both examples. There was a single Q print which is the auction process rejecting lower prices. The rally began at this point in both examples. Watch the video below for more insight.

Dax Summary

Dax Outlook Video

 

 

Dax Key Levels

DAX KEY LEVELS
  CFD
POC :  12112.5
VAH :  12115.5
VAL :  12098.0
VWAP :  12099.9
R2 :  12179.5
S2 :  11987.7
Pivot :  12083.6
High : 11655.9
Low : 11562.8
   
   
   
   
   
FDAX KEY LEVELS
  CFD
Point of Control :  12130
Value Area High :  12135
Value Area Low :  12115
VWAP :  12115
R2 :  12199
S2 :  12004
Pivot :  12101
High :  11653.0
Low :  11560.0

Dax Technical Analysis Charts

New Pattern Emerging On The Dax

New Pattern Emerging On The Dax 2

New Pattern Emerging On The Dax 3

New Pattern Emerging On The Dax 4

New Pattern Emerging On The Dax 5

New Pattern Emerging On The Dax 6

This is the chart I was using to ask the question of whether we have a new pattern emerging on the DAX.

New Pattern Emerging On The Dax 7