Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level.
After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap.
Important zones
Resistance: 12337, 12373
Support: 12219, 12191
Statistics...
Tuesday’s session was really wild. Dax first dropped to our support at 11 987, where we found buyers. After we tested the support, Dax quickly shot upward. Our resistance levels did not stand a chance in such an upward move. Same as in recent days, we already have closed today’s gap.
Important zones
Resistance: 12 433
Support: 12 219, 12 125
Statistics for...
Pirce is currently testing a strong resistance level in the form of:
Edge of High Volume Node measured from 11th of December 2018 till 5th of May 2019
POC from the recent downtrend (5th May - 9th June)
Anchored VWAP
Horizontal S/R
Because of that, we can expect lower prices in the upcoming days/weeks. As a target, we would use Value Area Low from...
On Friday we did not see an aggressive sell-off after the market open and therefore, we fulfilled the statistic of not closing the gap. The market forces were relatively balanced and the session closed in slightly green numbers. Most of the time, we traded sideways. As we have not moved anywhere, our zones from the previous analysis remain valid.
Important zones...
Yesterday we wrote about the high probability of breaking the low of the previous day at 12 047. That is exactly what happened and overall, our analysis was very successful. Without the Statistical Application, we wouldn’t have such data.
Important zones
Resistance: 12 142
Support: 11 958, 11 11 922
Statistics for today
Probability of closing the gap:...
Even though buyers pushed the price above our resistance, the zone around 12146 was still a significant region where we saw a fight between buyers and sellers. This fight was won by sellers who stopped prices reaching higher levels.
Important zones
Resistance: 12 146
Support: 12 034, 11 958
Statistics for today
Probability of closing inside yesterday’s...
