If you take a look at yesterday's price action and our analysis, you will understand how important the S/R level was in relation to the price development and the past price consolidation in the same area. Dax was oscillating there for a few hours in the early morning session, before finally finding its direction. Bears took a lead and broke below the lows of the...
Yesterday's session turned out as expected. The price action truly was slow, if not lazy, and Dax hasn't really gone anywhere. The price oscillated just below 12 882 zone and the daily close was very slightly positive. Is this a good hint for buyers? Important zones Resistance: 13 119, 12 882 Support: 12 592 Statistics for today Detailed statistics in the ...
For yesterday, we expected the retest of 13 235 followed by a possible correction to the downside. Buyers were not able to get all the way to this level as bears took dominance of the market. The whole intraday session was then characterized in a clear directional move to the downside and this lasted till the close. Dax corrected its uptrend of the past days and...
Market participants were completely indecisive yesterday. For the whole trading session, Dax has gone literally nowhere with price sitting around 13 119. If we take a look at M30 chart, price action and candle formation, we can read the rejection of sellers as noticeable by the clear Doji candle. Important zones Resistance: 13 235, 13 519 Support: 12 882 ...
The positive continued yesterday as we expected. The price reached above 13 235 resistance and we've noticed the biggest volume of orders for the entire day session. Unfortunately, Dax hasn't stayed long in those levels and the afternoon session wiped out all gains, dropping down to a support level of 13 093. Important zones Resistance: 13 235, 13 519 Support:...
On Friday, the price remained around 12 915 and the market balance was confirmed again. As we expected, Dax traded rather sideways without any reasonable volatility. Bullish traders managed to close the session on its daily high, but it definitely wasn't a signal of an uptrend. Important zones Resistance: 13 119 Support: 12 882 Statistics for today...
Yesterday's price action was a great example of the rational behaviour of the market participants. As we mentioned in our analysis yesterday, the zone around 12 592 was important for establishing further price development, with the break outside signifying the continuation in that particular direction. Dax oscillated the entire European session before gaining...
Yesterday's session opened with an ascending gap. However, from the beginning of the session, sellers proved their dominance as they pushed the price lower all the way through the support of 12 592. Dax even closed the day below this zone but today's open impulse retraced back above. Important zones Resistance: 12 882 Support: 12 592, 12 494 Statistics for...
Like the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
For yesterday, we expected bulls to attempt for higher levels. The morning session was positive in this sense, but then we saw a rapid sell-off, even below 12 494. This is where the support level functioned nicely but the momentum wasn't that strong co correct the down push. Important zones Resistance: 12 494, 12 592 Support: 12 151 Statistics for today...
Yesterday's session hasn't turned out exactly according to our expectations. Although Dax descended lower to retest our Support zone at 12 592 as we predicted, the price continued lower instead of reversing to the upside. Dax very precisely respected Friday's VPOC in correlation with the Support level at 12 494 and held further sell-offs. Important zones...
Yesterday's session started optimistically and at one moment, it looked like buyers head straight towards 12 882. But as we know, appearances are deceptive. Sellers stepped in to suppress the bullish attempts and dominated the rest of the session. Bearish traders took the price lower to retest Friday's high, yet failed to close the weekend gap. Important zones...
On Friday, we anticipated that Dax will remain in its consolidation range above 12 151, however, sellers found enough strength to break below this zone, keeping the price suppressed. Not only the session was closed at its daily low but the significant volume of orders moved lower as well and this signifies the sellers' dominance. Important zones Resistance: 12...
Comparison BTC and ETH pairs between BitMEX, Deribit and FTX Perpetual Swaps vs Coinbase (Spot) price basis. We can observe an on-going basis pattern currently trending positive (trading with premium). Positive basis is leading information towards funding rate becoming positive as well. Positive Funding rates means Longs pay Shorts Longs paying shorts mean...
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...
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 ...
Deploying some thoughts on Perpetual Swaps - Spot basis. Stay tunned for next video on trendlines and price levels
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...