Dax daily: 28 Nov 2019

Dax attempted to break 13 297 yesterday, but this resistance proved strong yet again and the attempt faded very soon. There was a correction to the downside, but Dax managed to recover and reversed back to 13 297 where it closed the session.

Important zones

  • Resistance:  13 297
  • Support: 13 000, 13 130

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Today we opened with a descending gap in the middle of two S/R zones. The gap closure doesn't have any great statistical probability to be closed today, however, the 13 297 is a zone which proved much significance recently. If would be an ideal scenario to retest and break that price. Don't forget there is a Thanksgiving Day in the US so the volatility across markets is expected to be reduced. Dax is now mid-way in the 13 207 - 13 297 range and currently, it is indecisive whether the odds are for upside or downside.


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