Dax Price action

By Claus Andersen

9. April 2019

15 min. chart.

Last week was a bull trend week. Price rallied to above 12.000. It has been a while since we had a trend without major pullbacks. As we talked about earlier- last week price made large pullbacks. That was not the case in this bull channel. That made for better runners. I traded the trend, but my mind reminded me that the context was large pullbacks. That meant that I took profits early and did not pressure my runners enough. I took too long to adjust to the new context. I made money the three days I traded, but could have made much more.

Now price has turned around and is AIS. I think that price won’t break 12.000 easy. A deeper pullback to where the bull channel started is likely(11.700)

New support and resistance levels on the the chart.

Have a nice trading week.

Claus Andersen

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