As we predicted yesterday, Dax made its way outside of the consolidation range when it broke out of the resistance at 12 494. Just as we wrote, this breakout was a clear signal to retest another S/R level in the row and that is exactly what happened. Dax continued to hit the resistance at 12 595 where the price bounced back down and returned to the range of the...
Dax gave us a fake signal yesterday when it faked-out below the 12 151 S/R zone. The price very quickly returned to the consolidation range of the past week, levelled between 12 151 and 12 494. The daily range was relatively standard and we haven't even seen much volatility.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed...
The last session of the past week turned out well for sellers. They managed to get down to a support level at 12 151 where we saw a slight correction before Dax broke to the downside and closed the week lower at 12 112.
Important zones
Resistance: 12 151
Support: 11 829
Statistics for today
Detailed statistics in the Statistical Application
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Thursday's session was quite interesting. We anticipated that Dax was likely to trade in its range and the resistance at 12 494 really served to just reject the upward price move. It is apparent this S/R zone is valid and those who had limit orders around this level can pride themselves with nice profits. Dax then moved to the middle of the range and we start...
We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged.
Important zones
Resistance: 12...
Yesterday's session started well in line with the auction market theory. The price first dropped to retest our support at 12 151 and bounced back up to continue higher, even above the open. Buyers lost momentum mid-day and Dax dropped sharply to retest the same support once again. The session then closed nearly break even.
Important zones
Resistance: 12...
Yesterday's session showed us very clearly that buyers don't give out their gains of the past month. Dax was ascending since the open, without any pullback or correction. The price sliced through the 11 734 S/R zone without any sign of slowing down and closed the day up at 12 084 near its daily high.
Important zones
Resistance: 12 494
Support: 12 151
...
The only thing certain on Friday were our S/R zones. Have a look at how our resistance at 12 151 functioned perfectly. Dax went to retest this level also as it was the VPOC of previous session and the price exemplarily bounced away to offer enough opportunities for profitable trades. Besides this, the session hasn't really presented us with any more interesting...
We mentioned it in our analysis yesterday that previous days signalled a bearish correction and could further support sellers. This turned out valid and Dax headed south. The price even broke the support at 12 151 and almost reached the next support at 11 734.
Important zones
Resistance: 12 151
Support: 11 734
Statistics for today
Detailed statistics in...
Yesterday's session started with another sell-off and market participants closed the gap and retested the support at 12 494. The price then bounced back up but buyers were not strong enough to take Dax higher. The session closed at its daily low, right at the support zone of 12 494.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today...
A couple of times already, we mentioned that a correction is inevitable. That's exactly what we saw yesterday and our uptrend continuation bias along with the statistical probability of breaking previous day's High hadn't happened. Dax reacted with the sell-off right after the open and in correlation with the risk-off sentiment across the board. The downfall was...
Yesterday's price action has, again, brought great profiting opportunities and Dax added another day to its bullish uptrend, even though the daily range was relatively standard. Right with the open of the European session, the price retested VPOC from Friday and continued consistently towards our resistance of 12 882 where it exemplarily bounced back lower and we...
Welcome to the new trading week. Our analysis on Friday turned out very successful, again. According to our statistical application, we saw the closure outside of the previous day range as this hypothesis had a high statistical probability. Dax continued in its bullish traction all the way towards the resistance level at 12 882 and the NFP print helped...
this is a trade which formed late last week and followed through at the open of the Market
M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr
A - price broke through a previous support now turned resistance and has not retested the same zone twice
E - entry on Engulging. Pin bar or...
EUR/AUD Has a high probability of further upside here!!!
We have completed a Three touch descending structure, based on simple Elliott Wave Theory and are currently correcting into the lows.....
We have forecasted the probable and the possible plays for you to dive deeper into!!
Euro is at the key level which started a previous rally.
The retest of the origin of the move can bring a nice trading opportunity to the upside.
The red levels on the chart are areas where is a smart to cover parts of the position.
