DAX 2022 Week 46 Trading Plan - Bear Market Trader
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DAX 2022 Week 46 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

  • Price closed as a Big Bull Engulf with­in MN Sup­ply Base LiDC reject­ing MN QLo giv­ing MN-C‑D 12781.51
  • Price has made a HH trad­ing above body, out­side range, cur­rent­ly trad­ing with­in MN Sup­ply Base Level
  • Con­jec­ture: Price clos­ing deep with­in MN Sup­ply Base could see a con­tin­u­a­tion to orig­i­nat­ing lev­el of 15244.49
  • Price trad­ing with­in sup­ply (near­ing MN VWAP) could see some reac­tion from sell­ers com­ing in

Week­ly — Bullish

  • Price closed high­er (on its high) although failed to close with­in W1-C‑S 14350.66
  • Price closed above W1 50MA in DT with­in Wide W1 QHi
  • Con­jec­ture: Price clos­ing on its high with a wider range could indi­cate momen­tum. How­ev­er, due to not clos­ing with­in W1 Sup­ply it could be an exhaus­tive move and some sell­ing could come in. 
  • The Wide W1 QHi sug­gests a pos­si­ble con­tin­u­a­tion although W1 Sup­ply End is near the Round num­ber of 15000 as well as W1 UKC in DT as well as near MN QHi and could there­fore again see sell­ers come in around these levels. 

Dai­ly — Bullish

  • D1 RBR giv­ing D1-C‑D 13669.64 BASE before clos­ing high­er with­in Wide W1/D1 QHi
  • Last Fri­day closed as a “short Hammer”. 
  • Con­jec­ture: The Wide W1/D1 QHi sug­gests a pos­si­ble con­tin­u­a­tion. Last Friday’s for­ma­tion could see more buy­ing com­ing in.
  • How­ev­er, price trad­ing with­in a QHi could still see sell­ers com­ing as price still has to deal with W1 and D1 Supply.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


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