Daily analysis and trade setups on DAX Ger30 20220802

2 ส.ค. 2022

*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***

This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy.

DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140

If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840

Macro: US Fed Evans Speech

Today's pivotal level is 13400. It remains bullish on the day above that and bearish below

Buy
Break: 13440, 13495, 13530, 13570, 13610
Reversal: 13340, 13260, 13200, 13170

Sell
Break: 13390, 13320, 13250
Reversal: 13500, 13610, 13720

Green goblin chart is here >>>


Confluence chart is here >>>