Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220829

Aug 29, 2022Happy New Week, Happy Monday,

DAX has broken 13K and got itself in some trouble here. 12675 & 11895 are two very important levels to watch. Bulls need to bring it back above 13440 & 14085 to get back the control.

Overnight drop in Dax has shown continuous selling pressure which is not good for bulls, going into another vital week with month end falling right in the middle of the week.

Macro ECB Lane Speech, US Fed's Brainard Speech

Buy
Break: 12 860, 970, 13 052
Reversal: 12 735, 655, 580, 525, 440

Sell
Break: 12 750, 665, 590
Reversal: 12 885, 990, 13 070, 175, 225, 270

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

• NASDAQ
• DAX
• SPX

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

Aug 30, 2022

Comment

Could not find a proper setup during my screen time on DAX. So no trades. The opening gap and Friday's overhang played out.

No setup no trade rule always applies.

The zones & levels worked well. Except, the EQ Zone should have been higher.

Zone Chart


Green Goblins Chart


Fibo Confluence Chart