Dax daily: 28 Aug 2019
Yesterday's high was broken out as yesterday's statistics hinted. There was no apparent resistance up till the 11 774 level which eventually stopped the bulls. The 11 678 zone functioned as a support level and the session was closed outside of the previous day range and this fulfilled the same statistical probability as well.
Important zones
Resistance: 11 774
Support: 11 678
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing inside of yesterday's session is 87%
Macroeconomic releases
NIL
Today's session hypothesis
Today we opened with a small gap which is already closed at the time of writing. The statistics suggest the price shouldn't get out of yesterday's range. The high from yesterday at 11 774 now serves as our resistance level. We are seeing a support level at 11 678. This zone is likely to be retested and we need to monitor the price action there. In case this support holds the price, we would like to see the breakout of the 11 774 resistance zone.
Important zones
Resistance: 11 774
Support: 11 678
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing inside of yesterday's session is 87%
Macroeconomic releases
NIL
Today's session hypothesis
Today we opened with a small gap which is already closed at the time of writing. The statistics suggest the price shouldn't get out of yesterday's range. The high from yesterday at 11 774 now serves as our resistance level. We are seeing a support level at 11 678. This zone is likely to be retested and we need to monitor the price action there. In case this support holds the price, we would like to see the breakout of the 11 774 resistance zone.
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