DAX is bullish as we are trading above yesterday's range.
The prior day's Value Area High stands at 12283 where we are likely to see buyers step in and push the price higher.
If that level were to given away, the area between 12250 - 12260, the highest concentration of volume yesterday, is going to provide strong support.
Once we trade below and stay below yesterday's value area low at 12220, I would start to think about the scenario of full down side extension. Before that happens, I am going looking to buy pullbacks in DAX until the New York session.
A couple of notable levels to watch
12312.5 -- HVN node at yesterday's close
12300 -- weekly TPO value high
12255 -- VPOC
12283 -- VAH
12220 -- VAL (The last line in the sand to defend for DAX to remain bullish)
The prior day's Value Area High stands at 12283 where we are likely to see buyers step in and push the price higher.
If that level were to given away, the area between 12250 - 12260, the highest concentration of volume yesterday, is going to provide strong support.
Once we trade below and stay below yesterday's value area low at 12220, I would start to think about the scenario of full down side extension. Before that happens, I am going looking to buy pullbacks in DAX until the New York session.
A couple of notable levels to watch
12312.5 -- HVN node at yesterday's close
12300 -- weekly TPO value high
12255 -- VPOC
12283 -- VAH
12220 -- VAL (The last line in the sand to defend for DAX to remain bullish)
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