25 Sep DAX 2022 Week 39 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

This is my week­ly out­look on DAX. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, get in touch with me. I love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Month­ly — Neutral

• Price test­ed MN-C‑S 13955.80 BASE and closed down as a pos­si­ble consolidation.
• Price failed to close with­in MN-C‑D 12767.98
• Price trad­ing above MN QLo
• Price has made a LL and is prob­ing deep­er with­in MN demand.
• Con­jec­ture: Even though price closed down it failed to close with­in the huge demand below coin­cid­ing with MN QLo. Price also test­ed a Base sup­ply lev­el and could there­fore see a con­tin­u­a­tion high­er. Devel­op­ing can­dle could see a break­out move or snap back into the fold. 

Week­ly — Bearish

• W1 Three Out­side Down giv­ing W1-C‑S 12780.70 tak­ing out W1 demand clos­ing with­in W1-C‑D 12486.51
• Price closed with­in MN/W1 QLo
• Con­jec­ture: Price closed with­in demand but the demand is wide and could see a reac­tion. Price clos­ing as a W1 Three Out­side Down implies momen­tum com­ing in. In lack there­of it could negate the bear­ish thesis. 

Dai­ly — Bearish

• D1 Bear Engulf at W1-C‑S 12780.70 with con­tin­u­a­tion although price test­ed sup­ply twice before clos­ing lower
• D1 DBD giv­ing D1-C‑S 12539.86 clos­ing with­in MN/W1/D1 QLo and W1 demand
• Con­jec­ture: Price closed below pre­vi­ous range indi­cat­ing a pos­si­ble con­tin­u­a­tion. Although hav­ing formed a DBD it could see a retrace­ment to new­ly formed Base Sup­ply lev­el and if so could see a retrace­ment to orig­i­nat­ing lev­el of 12780.70 negat­ing the bear­ish thesis.

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

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