DAX intraday

DAX30 M5

You can’t expect much during Monday’s session – although the most interesting scenario of the day could be the scenario of going under the level of the daily pivot and a return approach to the zone close to the level of 11,400 points (blue scenario). It is worth adding that during a normal trading session after such an increase and building such a clear upward sequence, the level of 11.220/240 should be strongly defended in order to maintain the ongoing sentiment. However, noting the fact that today is Monday, the probability of consolidation (pink scenario) is equally high.
In one case or the other, the option of breaking the daily pivot has not been assumed – the level should be defended. However, if it is to be broken, the goal for a short position will be 11,100 points. During Monday’s session it is worth remembering that statistically the movements are more limited, the more so when the previous session performed more than a double range than the standard daily ATR.

Today’s Pivot levels: 18.02
R3 = 11.840
R2 = 11.528
R1 = 11.424
P.P = 11.218
S1 = 11.114
S2 = 10.907
S3 = 10.597

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