DAX 2023 Week 17 Trading Plan - Bear Market Trader
This is my weekly plan for DAX DE30
day trade, day trading, trade plan, trading plan, DAX, DE30, DE30Cash, traderlifestyle, daytraderlife, weekly trading plan,

DAX 2023 Week 17 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 closed high­er with­in MN-C‑S 15242.59 and MN QHi leav­ing a long buy­ing wick
  • Long buy­ing wick test­ed MN-C‑D 14578.05 BASE HiCD
  • Con­jec­ture: Price hav­ing test­ed MN Base HiCD could mean an even­tu­al rever­sal. How­ev­er price seems to build strength after a V‑shape correction.

Week­ly — Bullish

  • W1 Phase 3 at W1 QHi with no fol­low-through, instead a W1 Three Out­side Up giv­ing W1-C‑D 15024.89 Momen­tum clos­ing above pre­vi­ous struc­ture high
  • Price closed high­er although trad­ed a small­er range
  • Price trad­ing with­in Wide W1 QHi near­ing W1-C‑S 16110.22
  • Con­jec­ture: Price is slow­ing down and could see sell­ers com­ing in

Dai­ly —  Neutral

  • Price near­ing D1-C‑S 15930.71 D1 demand HiDC cre­at­ed just below
  • Con­jec­ture: Price trad­ing with­in Wide D1 QHi could mean a con­tin­u­a­tion. Although price slowed down and could see a reversal.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


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