DAX 2022 Week 48 Trading Plan - Bear Market Trader
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DAX 2022 Week 48 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.

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 (at MN VWAP) could see some reac­tion from sell­ers com­ing in

Week­ly — Bullish

  • Price closed slight­ly high­er as a Spin­ning Top with­in W1-C‑S 14350.66
  • Price trad­ing deep with­in Wide W1 QHi
  • Con­jec­ture: Price did close high­er although the range has dwin­dled some and trad­ing with­in W1 sup­ply could see sell­ers com­ing in.
  • The Wide W1 QHi could see a con­tin­u­a­tion high­er and take out swing high which would coin­cide tak­ing out MN Sup­ply End 14707.23
  • Price trad­ing extend­ed above W1 VWAP and could see some retracement

Dai­ly — Bullish

  • Price trad­ing high­er although los­ing some momen­tum and cur­rent­ly trad­ing below D1-C‑S 14606.97
  • Price trad­ing with­in Wide W1/D1 QHi
  • Con­jec­ture: Even though price has slowed down it has still climbed high­er and not formed a rever­sal pat­tern yet
  • Trad­ing deep­er with­in Wide W1/D1 QHi could see fur­ther continuation
  • D1-C‑D 14256.93 HiDC formed at D1 VWAP could see more buy­ers com­ing in if test­ed then again if test­ed con­tin­u­ous­ly it could negate the thesis.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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