03 H1 Dax Chart

Dax Technical Analysis 22/07/2016

However as I have written this, the attempt to break below 10100 was rejected and we have rallied nearly 50 points to claim a new daily high, so bulls are prepared to defend that level. There is no denying that price action is still trading sideways right now, so there are no obvious setups right now apart from considering a short below 10100 and a long above the high from yesterday.