DAX Report 3rd June 2020

Analysis

Mid-term: (1 – 2 weeks) Positive above 11500 with moves to 12400  buying pullbacks favoured.

Short Term (1-2 Days) Positive above 11800 with moves to 12400. Pullbacks favoured with buys at 11820. Sells 12390. Acceptance through 11800 sees moves to 11500

5m bar/Fractal breaks: No Trade

Spike Levels: 

Buy 11820  Stop 84  PTS Target 84  pts – valid all-day

Sell 12390  Stop 84 PTS Target 84  pts – valid all-day

Gap/ FOF: No Trade


David Denholm

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