Down we go hopefully.
A word of warning. Dax of late has become even more ' fakey ' than it normally is, meaning that the overall majority of the main moves are beginning with a vicious kick the other way. We saw it this morning at the Frankfurt open, and we saw it again just now with that little kick up to 590. You need to have reliable S&R levels to get them and to recognize them for what they are, but if you can spot them, they are a fantastic give away and a great entry opportunity.
My support level just to repeat was and still is around S2 today, at 504, with the 30m 200ema just above @ 520. That's if it can break below this 15m 200ema which continues to be very stubborn.
A word of warning. Dax of late has become even more ' fakey ' than it normally is, meaning that the overall majority of the main moves are beginning with a vicious kick the other way. We saw it this morning at the Frankfurt open, and we saw it again just now with that little kick up to 590. You need to have reliable S&R levels to get them and to recognize them for what they are, but if you can spot them, they are a fantastic give away and a great entry opportunity.
My support level just to repeat was and still is around S2 today, at 504, with the 30m 200ema just above @ 520. That's if it can break below this 15m 200ema which continues to be very stubborn.