Dax daily: 30 Aug 2019 We welcome you to this last Dax analysis of the week, month and summer holiday. Thursday's session appeared quite innocent in the first hour of trading. At 9 am, Dax shot firmly upwards and this momentum lasted till noon. At around 4:30 pm, Dax fell lower by some 90 points just to correct this volatile spike even above the initial fall.
Important zones
Resistance: 11 899
Support: 11 774, 11 700
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
It appears today we could finally close the resistance at 11 899 where we hope to find some sellers at the first retest. If we target the first one lower, buyers could be seen at 11 774 or even lower at 11 700. Should the price really drop down to 11 700, all our hypothesis for a bullish move turn invalid as that level is now distanced some 150 points away.
Daxanalyse
Dax daily: 29 Aug 2019 Yesterday's session drew a nice 'V' shape. The price started to fall towards the support level of 11 561 right from the beginning of the session and this was the area where price marked its intraday low and bounced back upwards. The first support zone laying at 11 678 had little effect. The statistical probability about closing inside the previous day range was also fulfilled.
Important zones
Resistance: 11 772
Support: 11 608, trendline
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
08:45 - 09:55 CEST - various Eurozone reports - refer to the Economic calendar
Today's session hypothesis
For today's price estimation, we need to monitor the Price Action around the slightly consolidated area formed around yesterday's close. If Dax goes above this zone, it is likely we see a retest of 11 772 and the return back to the range zone of the past few days. Contrary, should bears prove their presence, we can see the retest of our support level and the trendline around 11 600 which could serve as an interesting area for some bullish correction.
DAX - Waiting for BullrunIt is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-)
Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-)
Greetings from Hannover
Stefan Bode
DAX Chart 1 HR 30.04.2019 13:0 German time Hello to all watching my charts.
Dax moved out from the long channel
and is now drifting sideways.
In my view no time to act at the moment in long or short direction.
On the sownside to short there is support at around 12260
(blue lower line)
If it breaks that also its short time in m< view.
On the upside the next barrier resistance is 12350 aerea.
(blue upper line )
If Dax will breake these level maybe Dax can move up in the long channel again
and its time for a procyle action long.
Best is to wait what will happen.
Good trades