DAX 2022 Week 33 Trading Plan - Bear Market Trader
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DAX 2022 Week 33 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

This is my week­ly out­look on DAX. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, get in touch with me. I love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Month­ly — Bullish

  • Last month closed as an Inside Bar react­ing off MN-C‑D 12761.56 and MN QLo
  • Con­jec­ture: Last month did not ful­ly retrace back to the 50% mark of the pre­vi­ous body and as it is an Inside bar MN QLo has not tech­ni­cal­ly been reject­ed. Although price could devel­op a MN Three Out­side Up and if price returns to MN-C‑D 14000 BASE it can fur­ther sug­gest a con­tin­u­a­tion high­er to orig­i­nat­ing lev­el of MN-C‑S 15238.66. 
    • How­ev­er, as the base lev­el is at a Round num­ber coin­cid­ing with MN VWAP in UT CAR could see sell­ing coming
    • Devel­op­ment of a Three Out­side Up should see some momen­tum com­ing into the mar­ket. Although due to the larg­er time­frame this can be inter­est­ing to see how it devel­ops, if any. 
    • Price push­ing high­er get­ting near MN Sup­ply Base Level

Week­ly — Bullish

  • Pos­si­ble W1 Phase 2
  • Price closed high­er above pre­vi­ous high, above VWAP, near its high
  • W1 QLo reject­ed, price trad­ing mid swing
  • Con­jec­ture: Price is trad­ing mid swing and has some momen­tum behind it. MN Sup­ply Base lev­el in the way to W1 QHi could see some reac­tion. Price did close above VWAP but has­n’t cleared it yet so could see some reaction.

Dai­ly — Bullish

  • D1 Bull Engulf giv­ing D1-C‑D 13656.02 fol­lowed by a D1 RBR
  • Price trad­ing above D1 UKC in DT
  • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
  • Con­jec­ture: Price con­sol­i­dat­ed above D1 UKC in DT let­ting VWAP catch up a bit before push­ing price high­er. Expec­ta­tion is for a fur­ther push high­er. If price retraces to new­ly formed demand and lingers there it could dimin­ish momen­tum to the upside. 

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


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