DAX 2022 Week 28 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 — Bearish

• Price closed down form­ing a MN Sup­ply Base giv­ing MN-C‑S 13958.49 BASE but failed to close with­in MN-C‑D 12765.57
• Price reached for but did not quite test MN QLo again
• Con­jec­ture: With a big move down there could be some kind of retrace­ment from these lev­els. Fur­ther sup­port­ing fac­tors are trad­ing at MN demand and MN QLo.

Week­ly — Bearish

• W1 Ham­mer react­ing off W1-C‑D 12587.29 and W1 QLo
• W1 QLo shares the same lev­els as MN QLo
• Con­jec­ture: more prob­a­ble for Ham­mers is to see a con­tin­u­a­tion but need to be mind­ful of price trad­ing at MN/W1 QLo as well as MN/W1 demand. As such, price could try and push high­er to form a Morn­ing Star. 

Dai­ly — Bullish

• D1 Three Inside Up and slight con­tin­u­a­tion fail­ing to close above D1 VWAP in DT
• D1 QLo shares the same lev­el as MN/W1 QLo
• Con­jec­ture: Price is see­ing some reac­tion at D1 VWAP in DT and could trade low­er although no rever­sal (yet). If price can close above VWAP price could see a con­tin­u­a­tion higher. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

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