Dax daily: 15 Jun 2020
The only thing certain on Friday were our S/R zones. Have a look at how our resistance at 12 151 functioned perfectly. Dax went to retest this level also as it was the VPOC of previous session and the price exemplarily bounced away to offer enough opportunities for profitable trades. Besides this, the session hasn't really presented us with any more interesting trading opportunities.
Important zones
Resistance: 11 734
Support: 11 412
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
For today, we cannot use our Statistical application as the weekend gap is beyond standards. The gap being sized 393 points has minimum historical prints. Yes, Dax truly surprised us when this week opened with a huge descending gap below the 11 734 S/R zone. The retest and closure of the gap in today's session are the least probable. Taking this situation into account, further descend towards 11 412 is more likely or might also see consolidation around 11 734.
Important zones
Resistance: 11 734
Support: 11 412
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
For today, we cannot use our Statistical application as the weekend gap is beyond standards. The gap being sized 393 points has minimum historical prints. Yes, Dax truly surprised us when this week opened with a huge descending gap below the 11 734 S/R zone. The retest and closure of the gap in today's session are the least probable. Taking this situation into account, further descend towards 11 412 is more likely or might also see consolidation around 11 734.
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