Dax daily: 17 Jun 2020
Yesterday's session started well in line with the auction market theory. The price first dropped to retest our support at 12 151 and bounced back up to continue higher, even above the open. Buyers lost momentum mid-day and Dax dropped sharply to retest the same support once again. The session then closed nearly break even.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We'll disappoint all traders who expect a clear direction analysis today. The price hasn't eventually gone anywhere yesterday and is currently in the middle of two important S/R zones. We don't have any indications or signals about the direction, yet we incline more to the bullish side. The retest of 12 494 is expected in the short to the mid-term horizon. Contrary, should 12 151 be broken to the downside, space opens for more sell-offs.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We'll disappoint all traders who expect a clear direction analysis today. The price hasn't eventually gone anywhere yesterday and is currently in the middle of two important S/R zones. We don't have any indications or signals about the direction, yet we incline more to the bullish side. The retest of 12 494 is expected in the short to the mid-term horizon. Contrary, should 12 151 be broken to the downside, space opens for more sell-offs.
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