DAX 2022 Week 43 Trading Plan - Bear Market Trader
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DAX 2022 Week 43 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 above Body, with­in range although test­ing new­ly formed MN sup­ply (which is low in dist. curve)
  • Con­jec­ture: Even though price closed break­ing down from MN Con­sol­i­da­tion price still has to deal with wide MN demand, Wide MN QLO and start­ed reacting
  • Wide MN QLo could indi­cat­ed a fur­ther con­tin­u­a­tion lower
  • Price test­ing new­ly formed Sup­ply could negate a Bear­ish the­sis but still time left in the month

Week­ly — Bullish

  • W1 Three Out­side Up with con­tin­u­a­tion clos­ing slight­ly with­in W1-C‑S 12779.21 Low in Dist. Curve
  • Price trad­ing below W1 VWAP in DT
  • Price closed above MN/W1 QLo
  • Con­jec­ture: Price clos­ing above W1 QLo sug­gests a pos­si­ble shift in sen­ti­ment fur­ther backed by price clos­ing with­in W1 Supply. 
  • Price action is show­ing momen­tum behind the move, any signs of wan­ing momen­tum could negate the the­sis although some reac­tion is to be expect­ed at these levels.

Dai­ly — Bullish

  • D1 Bear Engulf mid swing did not see much con­tin­u­a­tion, instead prive formed a Bull Engulf although failed to take out D1 Supply
  • D1 QLo reject­ed, price trad­ing mid swing, took out D1 Base Supply
  • Con­jec­ture: Tak­ing out D1 Base Sup­ply lev­el indi­cates a pos­si­ble con­tin­u­a­tion to orig­i­nat­ing lev­el of 13165.38
  • Price could see a reac­tion at D1 QHi coin­cid­ing with D1 UKC in DT as well as D1 Supply.
  • A repeat­ed test of new­ly formed Demand could negate the bull­ish thesis

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


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