Dax daily: 17 May 2019
Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending gap
Important zones
Resistance: 12 376
Support: 11 196, 12 118
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today’s session hypothesis
Today, the price could continue in the uptrend that has formed over the recent days. Dax already filled our primary target which was at 12 190. In the upcoming days, we anticipate the retest of 12 448. We could to find buyers around 12 196 or even further down at the support level of 12 118. Should the price get above yesterday’s high (which has a probability of 83%), it is likely that sellers enter around the restest of 12 376.
Important zones
Resistance: 12 376
Support: 11 196, 12 118
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today’s session hypothesis
Today, the price could continue in the uptrend that has formed over the recent days. Dax already filled our primary target which was at 12 190. In the upcoming days, we anticipate the retest of 12 448. We could to find buyers around 12 196 or even further down at the support level of 12 118. Should the price get above yesterday’s high (which has a probability of 83%), it is likely that sellers enter around the restest of 12 376.
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