DAX IndexLong
DAX - OUTLOOK 13 JUL 2024
Monthly 2022 High Broken
Price In Weekly Trendline Range Moving Upside
Daily Forming A Series Of Higher Highs And Higher Lows.
April 2024 To Present Has Been Some Sort Of Range On Daily Demand Zone And 4Hr Supply Zone
4Hr Trendline Upwards (2 Touch Holding)
4Hr Channel Also Approaching 4Hr Supply
4Hr Support Now Resistance Count A Total Of 7 Touches. Very Strong Support. [ 18629.03 ]
Dax Is Bullish On Higher Timeframes So Primarily Looking For Bullish Positions Only
Scenario One - Price Touches 4Hr Supply =
Looking For Aggressive Short Into Our 4H (7 Touch Support)
1Hr Short = Aggressive
15M Short = Very Aggressive.
Scenario Two - Price Breaks Through 4Hr Supply And Re-Test
= Load Up And Enter Buy Position Swing Trade Targeting The Top Of The Weekly Trendline
1Hr Long = Conservative
15M Long = Aggressive
Price In Weekly Trendline Range Moving Upside
Daily Forming A Series Of Higher Highs And Higher Lows.
April 2024 To Present Has Been Some Sort Of Range On Daily Demand Zone And 4Hr Supply Zone
4Hr Trendline Upwards (2 Touch Holding)
4Hr Channel Also Approaching 4Hr Supply
4Hr Support Now Resistance Count A Total Of 7 Touches. Very Strong Support. [ 18629.03 ]
Dax Is Bullish On Higher Timeframes So Primarily Looking For Bullish Positions Only
Scenario One - Price Touches 4Hr Supply =
Looking For Aggressive Short Into Our 4H (7 Touch Support)
1Hr Short = Aggressive
15M Short = Very Aggressive.
Scenario Two - Price Breaks Through 4Hr Supply And Re-Test
= Load Up And Enter Buy Position Swing Trade Targeting The Top Of The Weekly Trendline
1Hr Long = Conservative
15M Long = Aggressive
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.