DAX 2022 Week 50 Trading Plan - Bear Market Trader
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DAX 2022 Week 50 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

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 fol­lowed-through on the MN Bull Engulf (reject­ing MN QLo) and closed high­er with­in MN Sup­ply Base almost tak­ing it out
  • Price closed slight­ly above MN VWAP
  • Con­jec­ture: Price clos­ing deep with­in MN Sup­ply almost tak­ing out Sup­ply indi­cates a pos­si­ble con­tin­u­a­tion higher
  • Price trad­ing at MN VWAP could see sell­ers come in
  • Price hav­ing made a big move up could see some retracement

Week­ly — Bearish

  • W1 Bear Engulf with­in W1-C‑S 14350.66 giv­ing W1-C‑S 14486.16 clos­ing below W1 Sup­ply although leav­ing a buy­ing wick
  • Price trad­ing with­in Wide W1 QHi
  • Con­jec­ture: Price clos­ing as a Bear Engulf below W1 sup­ply could see a retest W1-C‑S 14486.16 in 2nd Chance Entry fashion. 
  • Trad­ing with­in Wide W1 QHi could see a con­tin­u­a­tion high­er if new­ly formed W1 Sup­ply repeat­ed­ly gets tested.

Dai­ly —  Neutral

  • Price test­ed D1-C‑D 14256.93 HiDC mul­ti­ple times before clos­ing as a Weak D1 Bull Engulf with buying/selling wicks react­ing off D1 VWAP in UT CAR
  • Price trad­ing with­in W1/D1 QHi
  • Con­jec­ture: Price test­ed D1 Demand HiDC weak­en­ing the area although failed to close with­in sug­gests pos­si­ble buy­ers are still around. This is fur­ther illus­trat­ed by D1 clos­ing as a Bull Engulf albeit weak. Price trad­ing with­in Wide D1 QHi could see a con­tin­u­a­tion higher.
  • Price trad­ing below D1 VWAP in UT could see sell­ers com­ing in.
  • More infor­ma­tion needed

Sen­ti­ment sum­ma­ry — Neutral

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling
    • 1st DTTZ Gold
    • 2nd DTTZ DAX


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