DAX 2022 Week 40 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

• MN con­sol­i­da­tion at MN demand, MN QLo with break down giv­ing MN-C‑S 12787.40
• Price closed near its low with­in Wide MN demand, with­in Wide MN QLo
• Con­jec­ture: Even though price closed break­ing down from MN Con­sol­i­da­tion price is still trad­ing with­in wide MN demand, Wide MN QLO.
• Wide MN QLo could indi­cat­ed a fur­ther con­tin­u­a­tion lower
• MN LKC in UT coin­cid­ing with MN QLo swing low and MN Demand End 11327.55 could see buy­ers com­ing in if price tries to pop demand and swing low.

Week­ly — Bearish

• Price closed low­er fol­low­ing a momen­tum move in W1 THree Out­side Down clos­ing with­in Wide W1 demand, Wide MN/W1 QLo
• Con­jec­ture: Price seems to fol­low-through on momen­tum although range is show­ing some wan­ing momen­tum as last week closed with a short­er range. 
• Price trad­ing with­in W1 demand could see buy­ers com­ing in.

Dai­ly — Bearish

• D1 Bear Engulf giv­ing D1-C‑S 12114.18 Low in Dist. Curve, price test­ed sup­ply and closed low­er but failed to made a LL
• Con­jec­ture: Price fail­ing to close with­out mak­ing a LL as well as buy­ing wicks around could indi­cate some buy­ers are still around. If price keeps test­ing D1 Sup­ply it could see a reversal. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

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