Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone of 12 229 all the way towards 12 191, which functioned fantastically.
In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap.
Important zones
Statistics for today
Macroeconomic releases
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.
In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap.
Important zones
- Resistance: 12 344
- Support: 12 120
Statistics for today
- Detailed statistics in the Statistical Application
Macroeconomic releases
- G20 Meeting
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.