Dax daily: 09 Jun 2020
Yesterday's price action has, again, brought great profiting opportunities and Dax added another day to its bullish uptrend, even though the daily range was relatively standard. Right with the open of the European session, the price retested VPOC from Friday and continued consistently towards our resistance of 12 882 where it exemplarily bounced back lower and we were presented with another long entry opportunity on the pullback, below Friday's fair value. Dax eventually broke the resistance and closed at it's high at 12 934.
Important zones
Resistance: 13 119
Support: 12 592, 12 882
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of yesterday's High breakout is 90%
Macroeconomic releases
NIL
Today's session hypothesis
Dax has opened the day in the near vicinity of the 12 882 S/R zone. We see good chances right at the beginning of the session, especially for closing the gap towards yesterday's close and also retesting this value with the probable scenario of bullish continuation. The Statistical application also favours this thesis as the indication is for a 90% probability of yesterday's High breakout. We don't have any fundamental releases scheduled for the day hence we stick with our hypothesis uptrend continuation, best on pullbacks until we see some clear signs of a correction.
Important zones
Resistance: 13 119
Support: 12 592, 12 882
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of yesterday's High breakout is 90%
Macroeconomic releases
NIL
Today's session hypothesis
Dax has opened the day in the near vicinity of the 12 882 S/R zone. We see good chances right at the beginning of the session, especially for closing the gap towards yesterday's close and also retesting this value with the probable scenario of bullish continuation. The Statistical application also favours this thesis as the indication is for a 90% probability of yesterday's High breakout. We don't have any fundamental releases scheduled for the day hence we stick with our hypothesis uptrend continuation, best on pullbacks until we see some clear signs of a correction.
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