Welcome to the first analysis of the 31st week. Friday's session turned out really nice. We found buyers at a good Thursday close support level and there was an intraday low formed there as well. Besides only one significant short candle at 2pm, Dax was drifting upwards for the whole intraday trading. The price then closed near its high.
Important zones
Resistance: 12 421, 12 479
Support: 12 354
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking Friday's high is 87%
Macroeconomic releases
NIL
Today's session hypothesis
For today, we have a high statistical probability of breaking Friday's high, which is also distanced relatively far away. Long trades then have a clear target. Contrary, should the Friday's low be broken, then the previous hypothesis becomes invalid. The chances of having both swings retested are as low as 7%. Taking advantage of shorting today's price, we can use a pullback around 12 421 and then 12 479.
Important zones
Resistance: 12 421, 12 479
Support: 12 354
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking Friday's high is 87%
Macroeconomic releases
NIL
Today's session hypothesis
For today, we have a high statistical probability of breaking Friday's high, which is also distanced relatively far away. Long trades then have a clear target. Contrary, should the Friday's low be broken, then the previous hypothesis becomes invalid. The chances of having both swings retested are as low as 7%. Taking advantage of shorting today's price, we can use a pullback around 12 421 and then 12 479.