DAX before contract rollover

By Biznes-Broker | Analysis of the financial markets | 16 Sep 2021

DAX30

Not much has happened on the chart recently, but I expect a really strong move this week. I will not predict the movement (I expect it to decline, but the market will verify it). I have marked my action plan for today in the picture. The first H1 chart shows where I will continue to add short positions. At the moment, we have a short downtrend. The second image shows the M5 time interval and the scenario that will switch my thinking to the long position, then I will expect the breakout of the designated resistance zone.

Daily R3 15850
Daily R2 15800
Daily R1 15710
Daily PP 15660
Daily S1 15580
Daily S2 15530
Daily S3 15440

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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