Daily analysis and trade setups on DAX Ger30 20220810

Happy Midweek, Happy CPI Day,

As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous

Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see

It still has chance to gain back above 13680

13530 is the line in the sand today

Macro: DE HICP, US CPI

Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220

Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840

Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

Trade closed: target reached:

#WinningWednesday #TradingPlan worked perfectly

4 #trade #setups - 3 taken

113 + 146 + 60 = 319 pts (+ 60 missed)

$DAX #DayTrading #TradingTips