DAX, Price Action

By Claus Andersen

15 min chart:

7. August 2019

On the 15 min chart DAX is always in short. Bulls did just manage to get a nice pull back. I think it was strong enough for a second leg up. And price is coming of a potential support area and bear channel line. 

Even though price has gone down a lot the past week, price action has still had pullbacks to take out runners and test BE areas. Intraday price action can easily be a trading range most of the day with only one push lower. I will be looking for shorts at key entry points in this week, unless something changes.  

New support and resistance levels on the chart.

Have a nice trading week.

Claus Andersen

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