Dax daily: 16 Aug 2019

Thursday's session turned as expected. Dax broke the previous day low, which had a statistical probability of 96%. Sellers were dominant right from the beginning and proved their strengths yet before 11 629 so the profit potential wasn't that exciting. Dax dropped some 300 points just to almost fully correct this drop later in the day. Thursday was a rollercoaster day and really hard to trade.

Important zones

  • Resistance:  11 606
  • Support: 11 404, trend-line

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

For today, we'd like to see a drop towards yesterday's close and find some buyers there. Considering the Price Action, we see indications of yesterday's high. Yesterday's low looks pretty safe though. The upside correction could happen at 11 606.


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