Daily analysis & day trading setups DAX DAX40 DE30EUR 05 SEP 22
Updated
Happy Monday, Happy New Week,
Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes.
We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat.
Macro EU DE+GB Composite PMI, Retail Sales
Buy
Break: 12 616, 680, 780
Reversal: 548, 463, 371, 307
Sell
Break: 12 632, 560, 475
Reversal: 12 695, 795, 902, 13 015
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes.
We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat.
Macro EU DE+GB Composite PMI, Retail Sales
Buy
Break: 12 616, 680, 780
Reversal: 548, 463, 371, 307
Sell
Break: 12 632, 560, 475
Reversal: 12 695, 795, 902, 13 015
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Note
After massive wins of Friday, I am largely staying away from the market todayIn the absence of volume (US holiday), the market is going to range erratically and it is not good for your trading psychology nor for your account balance
Unless market shows decisive move above 12 752 or below 12 587, it is not worth my money
This is the mess the market is currently dealing with
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