DAX 2022 Week 41 Trading Plan - Bear Market Trader
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DAX 2022 Week 41 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 — Bearish

  • MN con­sol­i­da­tion at MN demand, MN QLo with break down giv­ing MN-C‑S 12787.40
  • Price closed near its low with­in Wide MN demand, with­in Wide MN QLo
  • Price made a LL and is cur­rent­ly trad­ing with­in Body
  • Con­jec­ture: Even though price closed break­ing down from MN Con­sol­i­da­tion price is still trad­ing with­in wide MN demand, Wide MN QLO.
  • Wide MN QLo could indi­cat­ed a fur­ther con­tin­u­a­tion lower
  • MN LKC in UT coin­cid­ing with MN QLo swing low and MN Demand End 11327.55 could see buy­ers com­ing in if price tries to pop demand and swing low.

Week­ly — Bullish

  • W1 closed as a Bull­ish Inside Bar after hav­ing made a LL but left a long sell­ing wick after a retrace­ment to MN/W1 Sup­ply (no touch)
  • Price closed with­in MN/W1 demand, Wide MN/W1 QLo
  • Con­jec­ture: A retrace­ment get­ting close but fail­ing to reach new­ly formed W1 Sup­ply formed through Three Out­side Down could indi­cate momen­tum still on the side of sellers. 
  • The long sell­ing wick is anoth­er indi­ca­tor of this how­ev­er clos­ing as a Bull­ish Inside Bar con­tra­dicts this. A fur­ther test of W1 sup­ply could see a rever­sal form­ing. Pos­si­ble con­tin­u­a­tion low­er if there is a LL made. 

Dai­ly — Bearish

  • Price retraced to a D1 Sup­ply Base Level
  • D1 Evening Star / Three Out­side Down with con­tin­u­a­tion at D1 QHi, coin­cid­ing with D1 VWAP in DT TC
  • Price trad­ing mid swing
  • Con­jec­ture: Even though price react­ed off D1 QHi price did retrace to a D1 Base Sup­ply lev­el indi­cat­ing a poten­tial push towards orig­i­nat­ing lev­el of W1-C‑S 12779.21. Instead price pushed lower.
  • D1 QLo and some demand in the way to a push low­er and could see buy­ers com­ing in. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


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