DAX 2023 Week 17 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

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.

Month­ly — Bullish

• Price closed high­er with­in MN-C‑S 15242.59 and MN QHi leav­ing a long buy­ing wick
• Long buy­ing wick test­ed MN-C‑D 14578.05 BASE HiCD
• Con­jec­ture: Price hav­ing test­ed MN Base HiCD could mean an even­tu­al rever­sal. How­ev­er price seems to build strength after a V‑shape correction.

Week­ly — Bullish

• W1 Phase 3 at W1 QHi with no fol­low-through, instead a W1 Three Out­side Up giv­ing W1-C‑D 15024.89 Momen­tum clos­ing above pre­vi­ous struc­ture high
• Price closed high­er although trad­ed a small­er range
• Price trad­ing with­in Wide W1 QHi near­ing W1-C‑S 16110.22
• Con­jec­ture: Price is slow­ing down and could see sell­ers com­ing in

Dai­ly —  Neutral

• Price near­ing D1-C‑S 15930.71 D1 demand HiDC cre­at­ed just below
• Con­jec­ture: Price trad­ing with­in Wide D1 QHi could mean a con­tin­u­a­tion. Although price slowed down and could see a reversal.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

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