Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220830

Actualizado
Happy Tuesday,

Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL.

Line in the sand is 12 850

Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech

Buy
Break: 12 940, 990, 13 060, 085
Reversal: 12 890, 825, 735, 700, 675

Sell
Break: 12 905, 850, 795, 750, 700
Reversal: 13 010, 095, 130, 215

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:




Green Goblin levels are here >>>
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Fibonacci Confluence levels are here >>>
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Operación cerrada: objetivo alcanzado
Trade 1: This was a classic setup with very high success probability
➡️ Breakout over previous daily close
➡️ Strong blue box F support
➡️ Multiple retests showing that support is holding
➡️ Bullish engulfing breakout
➡️ At the market open so possibility of volume support to the move
➡️ Very small portion of the daily range used till that time
Long Trade 12919
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅120 pts
TP3 9:1✅180 pts

➡️ 360 pts on 3 positions
➡️ 120 pts profit with 20 pts risk per position
➡️ 6R/6X

➡️ This trade has the potential to give 12:1 (already crossed 11:1)

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Operación cerrada: objetivo alcanzado
Trade 2: This was a classic setup with very high success probability
➡️ Consolidation at Blue Box F of Brown Box D
➡️ Move from Blue Box F of Brown Box E
➡️ Multiple retests showing that support is holding

Short Trade 13138
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅120 pts
TP3 9:1✅180 pts

➡️ 360 pts on 3 positions
➡️ 120 pts profit with 20 pts risk per position
➡️ 6R/6X

➡️ This trade went all the way to 13:1

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Nota
Another great day on DAX. Finishing month with massive win.

2 trades today with 360 pts on 6 positions. Average 120 pts with risk of 20 pts. That's 6R / 6X

The levels are getting better and better every day.

This is the zone chart
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This is green goblins chart
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This is fibonacci confluence chart
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dailyanalysisdailytradingDAX Indexdax30dax30longdax30shortdax40fdaxPivot PointsSupply and DemandSupport and Resistance

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