🔥GER40 (DAX) – Trading Plan for Today | February 06
The session started with a short-biased open,
followed by an impulsive rejection and lack of acceptance within the daily zone,
which effectively acted as the day’s target.
This price behavior confirms continued selling pressure,
despite a short-term buyer response.
Additional cluster context:
Intraday plan
Primary scenario:
– looking for a short reaction from the daily long zone.
Downside target:
– lower boundary of the daily short zone,
– this area also aligns with a key monthly level.
Alternative scenario:
– only after acceptance and holding above the daily long zone,
a long continuation toward the reversal zone will be considered.
Key condition:
– a weekly close below 24,403
will confirm a bearish bias for the next trading week.
Until then, shorts remain the priority.
This is not financial advice. Risk management is required.
The session started with a short-biased open,
followed by an impulsive rejection and lack of acceptance within the daily zone,
which effectively acted as the day’s target.
This price behavior confirms continued selling pressure,
despite a short-term buyer response.
Additional cluster context:
Intraday plan
Primary scenario:
– looking for a short reaction from the daily long zone.
Downside target:
– lower boundary of the daily short zone,
– this area also aligns with a key monthly level.
Alternative scenario:
– only after acceptance and holding above the daily long zone,
a long continuation toward the reversal zone will be considered.
Key condition:
– a weekly close below 24,403
will confirm a bearish bias for the next trading week.
Until then, shorts remain the priority.
This is not financial advice. Risk management is required.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.