DAX 40 Index Technical Analysis
Market Profile Insights
Value Area Analysis
Trade Parameters
Technical Narrative
Entry Confirmation Criteria
Risk Management Considerations
Monitor reactions at previous HVNs
Use market profile levels for dynamic stop management
Be prepared for potential consolidation zones
Conclusion
High-probability bullish setup with robust market profile confirmation. Disciplined, structure-based approach recommended.
Market Profile Insights
Value Area Analysis
- Trading ABOVE yesterday's value area high
- Seeking extension from Monday's Point of Control (POC)
- Anticipating potential reaction zones at Monday's High Volume Nodes (HVNs)
- Current price positioning suggests bullish market sentiment
Trade Parameters
- Entry Point: 22,833.71
- Target Price: 23,356.52
- Stop Loss: 22,572.31
- Risk-Reward Ratio: 1:2
Technical Narrative
- Price breaking through previous resistance levels
- Showing strength by trading above key market profile structures
- Volume profile indicates institutional accumulation
- Momentum suggesting potential trend continuation
Entry Confirmation Criteria
- Multiple timeframe alignment
- Strong volume profile
- Market profile structural support
- Momentum indicator confirmation
Risk Management Considerations
Monitor reactions at previous HVNs
Use market profile levels for dynamic stop management
Be prepared for potential consolidation zones
Conclusion
High-probability bullish setup with robust market profile confirmation. Disciplined, structure-based approach recommended.
Trade closed: target reached
Target reached, on to the next one.
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
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.
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
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.