DAX 2022 Week 47 Trading Plan - Bear Market Trader
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DAX 2022 Week 47 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 with­in Wide W1 QHi, W1-C‑S 14350.66 as a lit­tle hammer, 
  • Round num­ber of 15000 is still far above although coin­cid­ing with MN QHi, W1 Sup­ply End, W1 UKC in DT
  • Con­jec­ture: Price closed with­in W1 Sup­ply indi­cat­ing a pos­si­ble con­tin­u­a­tion although being a larg­er time­frame sup­ply sell­ers can still come in.
  • The Wide W1 QHi could sug­gest a con­tin­u­a­tion as well
  • Sup­ply has been test­ed mul­ti­ple times and could weaken

Dai­ly — Bullish

  • Price closed high­er but slow­ing down giv­ing W1-C‑D 14256.93 HiDC
  • Price trad­ing with­in Wide W1/D1 QHi
  • Con­jec­ture: Price slow­ing down after a big ral­ly could indi­cate price run­ning out of steam. Although no rever­sal yet.
  • Price trad­ing with­in sup­ply could see more sell­ers com­ing in although the Wide W1/D1 Qhi could see a con­tin­u­a­tion instead.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


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