DAX 2022 Week 42 Trading Plan - Bear Market Trader
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DAX 2022 Week 42 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

  • Last week closed as a Weak W1 Three Out­side Up giv­ing W1-C‑D 12146.21 Momen­tum fail­ing to close above MN/W1 QLo and W1 demand
  • Con­jec­ture: Even price closed some­what weak­ly and failed to close above MN/W1 QLo price is still trad­ing with­in demand and could see a con­tin­u­a­tion high­er. A repeat­ed test of new­ly formed W1-C‑D 12146.21 could negate the the­sis and see a con­tin­u­a­tion low­er (as a Three Out­side Up sug­gests momen­tum com­ing in).

Dai­ly — Bearish

  • Pos­si­ble D1 Phase 1 / 3
  • Price test­ed D1-C‑S 12601.70 coin­cid­ing with D1 QHi and D1 50MA in DT and start­ed react­ing with price clos­ing as a D1 Hammer
  • Con­jec­ture: Price retraced to a D1 Base Sup­ply Lev­el indi­cat­ing a pos­si­ble fur­ther probe to orig­i­nat­ing lev­el of 12779.21.
  • Although price start­ed to react at D1 QHi it did so leav­ing a longer sell­ing wick and form­ing a Ham­mer which could see a con­tin­u­a­tion high­er rather than a rever­sal. How­ev­er, due to price clos­ing at its low price could probe fur­ther low. If price can close with­in D1 QHi price could see a con­tin­u­a­tion lower.

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


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