DAX 40 Index Technical AnalysisDAX 40 Index Technical Analysis
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.