Dax daily: 24 Jun 2019
Welcome to a new trading week. Friday's session turned out as expected, but unfortunately, our zones didn't get a chance to play a role. The resistance at 12 337 and 12 373 didn't attract any sellers. They entered a bit higher at 12 409 and continued to dominate intra-day price action. Dax then closed just short of the support level laying at 12 219. Today, we open with a strong ascending candle and with a long gap.
Important zones
Resistance: 12 350
Support: 12 219, 12 191
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking Friday's low stands at 96%
Macroeconomic releases
10:00 CEST - German Ifo Business Climate
Today's session hypothesis
Today we have a very high probability for breaking Friday's low. For this reason, every short signal has a clear target. If and once that happens, we could find some buyers at 12 219 or 12 191. Even though we have such a high probability for a certain market occurrence, don't forget to always manage your risk and don't bet too much on one card.
Important zones
Resistance: 12 350
Support: 12 219, 12 191
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking Friday's low stands at 96%
Macroeconomic releases
10:00 CEST - German Ifo Business Climate
Today's session hypothesis
Today we have a very high probability for breaking Friday's low. For this reason, every short signal has a clear target. If and once that happens, we could find some buyers at 12 219 or 12 191. Even though we have such a high probability for a certain market occurrence, don't forget to always manage your risk and don't bet too much on one card.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.