Daily analysis and trade setups on DAX Ger30 20220726

Jul 26, 2022

It's all CHOP CHOP CHOP with DAX for the last 3 days.

Unless one of the levels 13140 or 13290 are broken with confidence, it's going to be like this till FOMC tomorrow

I have observed this behaviour in all the assets when they get close to Brown top levels. DAX is near Brown level B at 13440.

Yesterday's levels are still in play i.e. Blue B and Brown B

Buy
Breaks: 13350, 13440
Reversals: 13100, 12970, 12920, 12830, 12790

Sell
Breaks: 13100, 12990, 12920
Reversals: 13350, 13440, 13600, 13840

For more precise levels, here is the Green Goblins chart >>



Confluence levels are here >>

Jul 26, 2022

Note

This is how DAX reacted with my levels