DAX, Price Action

By Claus Andersen

18. November 2019

15 min chart.

Last week I mentioned that the bull trend had gone on long, and the three push pattern was completed. That often means a pull back. Still the pull back has only come in the form of a trading range. All breakout attempts failed and price is still within the trading range. The chance of a breakout is around 50% in either direction. Probably expect a trap in the opposite direction before the BO happens.

15 min chart.

I zoomed out a bit to show you my support and resistance areas for trading this week.

Have a nice trading week.

Claus Andersen

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

Article Name
Dax, Price action

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