DAX, Price Action

By Claus Andersen

2. January 2020

15 min chart:

Bulls from the open of the year. That speaks to the AIL on the Daily and higher time frames. I do expect a BO from the bull flag in the first week of this year in the DAX. Price action often waits for an event or some other factor to react. ie. 5 min charts often get moves when 15 or 60 min candles close. That means that a close on the weekly, monthly or yearly charts could fuel a move on the daily chart. In this case a BO from the bull flag.

Support and resistance was adjusted in the latest YouTube video that also takes a look at the weekly chart context.

Let’s level up together in 2020 📈
Claus Andersen

AIL = Always In Long
BO = Breakout
FBO = Failed Breakout
PB = Pull Back

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