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

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

48 Engagements

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 up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Sign Up for our Monthly Newsletter and Get our FREE E-Book

Book-iPad

Related Article

Major LT Resistance Broken GBPJPY 2ndSkiesForex - Price Action

Weekly Price Action Setups & Key Levels | Sep 17-22

Bullish Breakout Trading Above 1300 XAUUSD 2ndSkiesForex - Price Action

Weekly Price Action Setups & Key Levels | Sep 3 – 8

Weekly Price Action Setups & Key Levels | Aug 20-25

Navigate

Forex Strategies

Trading With Price Action Context

May, 24th - By Chris Capre

How We Change Your Trading Mindset at 2ndSkiesForex

December, 14th - By Chris Capre

Trade Management & Analysis on A Losing Trade

June, 9th - By Chris Capre

How the Typical Pin Bar Entry Is A Retail Entry

April, 29th - By Chris Capre

The Blind Entry (How It Will Leave You Trading Blind)

April, 29th - By Chris Capre

Read more >

Recent Comments

Chris Capre "Am sorry to hear about your mum. I hope she..."
Fabrizio Poli "Hi Chris I wish only to tell you that you..."
Chris Capre "Try the link in my original response. It should be..."
Robin Pike "No, still get the same message "Sorry, We Couldn't Find..."

Copyright © 2007 - 2017 2ndSkiesForex. All rights reserved. Terms of Service. Privacy Policy

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.