Home
Daily Signals
Dax – Breaks Key Support, Bearish Below Corrective Structure | Sep 22

Dax – Breaks Key Support, Bearish Below Corrective Structure | Sep 22

249 Views

Verified Profitable Trader

German Dax – Breaks Key Support, Bearish While Below Corrective Structure (4hr chart)
Today the key German Index broke below the corrective structure base and key support around 9813. This further turns the risk to the downside and suggests and attack on the flash crash lows around 9340.

From there I’m expecting some short-covering and profit taking from the bears, but IMO the price action is bearish while below 9813 and 10,000 on a daily closing basis. Hence keep looking to short while below here.

Unsure how to trade key levels and if they will hold? Read my latest article on Confirmation & Trading Key Levels

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article

nzdcad-forex-key-support-2ndskiesforex

NZDCAD – Approaching Key Support Zone & Potential Buy Setup | Apr 9

strongest-support-levels-in-forex-2ndskiesforex

How To Find The Strongest Support And Resistance Levels In Forex

2SF-Trading-Article-2017-05-Impulsive-move-1024x492

What Kind Of Forex Trading Strategies Do You Use?

MUST READS

CATEGORIES

NO FINANCIAL ADVICE - The Information on 2ndSkiesForex.com, and any correspondence from 2ndSkiesForex.com or contractors and/or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The information contained in or provided from or through this site is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this site and provided from or through this site is general in nature and is not specific to you the user or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS SITE WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all information available on or through this site AT YOUR OWN RISK.

RISK STATEMENT - The trading of foreign currency, stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. Trading may not be suitable for all users of this website. Anyone wishing to invest should seek his or her own independent financial or professional advice.

AFFILIATE DISCLAIMER - 2ndSkiesForex will occasionally use affiliate links to link to 3rd party brokerage sites. If you sign up for the service offered by the site, we may receive a 1x fee under specified conditions. 2ndSkiesForex does not receive any commissions from your trading activity with any of our partner brokers. We simply receive a 1x fee for you signing up and funding a new live account under specified conditions.