04 Sep DAX 2022 Week 36 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 — Neutral

• Price test­ed MN-C‑S 13955.80 BASE and closed down as a pos­si­ble consolidation.
• Price failed to close with­in MN-C‑D 12767.98
• Price trad­ing above MN QLo
• Con­jec­ture: Even though price closed down it failed to close with­in the huge demand below coin­cid­ing with MN QLo. Price also test­ed a Base sup­ply lev­el and could there­fore see a con­tin­u­a­tion high­er. Devel­op­ing can­dle with­in the con­sol­i­da­tion could see a break­out move.

Week­ly — Bearish

• W1 Bear Engulf at MN Sup­ply giv­ing W1-C‑S 13587.71 with con­tin­u­a­tion clos­ing below pre­vi­ous range low and with­in W1 QLo
• Price trad­ing near W1-C‑D 12486.51 near round number
• Con­jec­ture: Even though price closed low­er it is trad­ing at MN/W1 QLo at a huge demand. Price needs to close deep­er with­in demand to sus­tain the bear­ish the­sis although at this point no rever­sal has print­ed yet. 

Dai­ly — Bearish

• Price had closed above D1 QLo but then pro­ceed­ed to form a D1 Bear Engulf giv­ing D1-C‑S 13912.80
• Price pro­ceed­ed to form a base and test­ed new­ly formed sup­ply before clos­ing low­er leav­ing a big sell­ing wick. Although price failed to close with­in D1-C‑D 13664.92. 
• Con­jec­ture: Price closed with­in D1 QLo although trad­ing at these lev­els (as well as fail­ing to close with­in demand) could see a reac­tion even though a rever­sal has not (yet) printed. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• Sep 08, 20:15, EUR, ECB Inter­est Rate Decision

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram