DAX, Price Action

By Claus Andersen

10. MAY 2019

15 min chart:

// DAX 1-1

Last week was a nice bull trend week. When I say bull trend week, it means that the week opened on the low and closed near the high. If you take a look at the blue squares then 90% of the week was sideways trading. I always say that trading range is the most important context to know how to trade. I made the most money going long this week but also made money going short. When trading in a trading range fading BO attempts is profitable. Taking scalp profits and managing runners early is the way forward.   

New support and resistance levels is drawn in on the chart.

I got a request on end of day videos. If that is something there is an interest in, please let me know in the comments.


Have a nice trading week.

Claus Andersen

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