DAX - OUTLOOK 13 JUL 2024

Monthly 2022 High Broken
Price In Weekly Trendline Range Moving Upside
Daily Forming A Series Of Higher Highs And Higher Lows.

April 2024 To Present Has Been Some Sort Of Range On Daily Demand Zone And 4Hr Supply Zone

4Hr Trendline Upwards (2 Touch Holding)
4Hr Channel Also Approaching 4Hr Supply

4Hr Support Now Resistance Count A Total Of 7 Touches. Very Strong Support. [ 18629.03 ]


Dax Is Bullish On Higher Timeframes So Primarily Looking For Bullish Positions Only

Scenario One - Price Touches 4Hr Supply =
Looking For Aggressive Short Into Our 4H (7 Touch Support)
1Hr Short = Aggressive
15M Short = Very Aggressive.

Scenario Two - Price Breaks Through 4Hr Supply And Re-Test
= Load Up And Enter Buy Position Swing Trade Targeting The Top Of The Weekly Trendline
1Hr Long = Conservative
15M Long = Aggressive