2025-01-27 - priceactiontds - daily update - dax
Good Evening and I hope you are well.
comment: Perfect selling down to 21200 but the pull-back is tough for bears. Futures would need to immediately sell-off from 21500 to keep the bear case alive but above 21520 we print a new ath and maybe some more. Only below 21400 one can be bearish again.
current market cycle: bull trend but could have ended today. market needs to print a lower high around 21500 and sell-off hard again.
key levels: 21000 - 21700
bull case: Bulls prevented a really bad day and closed the gap at least in the US session. Very important day tomorrow. Ff they can keep it above 21400, we could see more upside but I doubt it will get much beyond 21644 if we get there at all. On the daily tf it looks like a perfect retest of the bull trend line we broke above last Wednesday.
Invalidation is below 21000.
bear case: Bears have to keep this below 21500 or we see more upside. RTH close was 21392 and futures open has to be bearish af to keep the bear case alive. Got nothing more for the bears here. Either continue to the downside now or we will stay at the highs for longer and likely make new ones.
Invalidation is above 21500.
short term: Neutral. Need to see futures open and if bears can keep it below 21500. Bullish above and bearish only below 21400.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Selling before EU open or buying EU open. The open was neutral enough to not short the hole and longs were fine once we strongly broke above 21300.
comment: Perfect selling down to 21200 but the pull-back is tough for bears. Futures would need to immediately sell-off from 21500 to keep the bear case alive but above 21520 we print a new ath and maybe some more. Only below 21400 one can be bearish again.
current market cycle: bull trend but could have ended today. market needs to print a lower high around 21500 and sell-off hard again.
key levels: 21000 - 21700
bull case: Bulls prevented a really bad day and closed the gap at least in the US session. Very important day tomorrow. Ff they can keep it above 21400, we could see more upside but I doubt it will get much beyond 21644 if we get there at all. On the daily tf it looks like a perfect retest of the bull trend line we broke above last Wednesday.
Invalidation is below 21000.
bear case: Bears have to keep this below 21500 or we see more upside. RTH close was 21392 and futures open has to be bearish af to keep the bear case alive. Got nothing more for the bears here. Either continue to the downside now or we will stay at the highs for longer and likely make new ones.
Invalidation is above 21500.
short term: Neutral. Need to see futures open and if bears can keep it below 21500. Bullish above and bearish only below 21400.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Selling before EU open or buying EU open. The open was neutral enough to not short the hole and longs were fine once we strongly broke above 21300.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.