Dax daily: 11 Sep 2019
The Dax tested the support 12 199, however the breakout of this level failed. From there, we continued upward in the already established uptrend. The resistance 12 258 has been breached, where we saw a slight reaction from sellers. The session ended in an up-session at 12 290.
Important zones
Resistance: 12 425
Support: 12 259, 12 199
Statistics for today
Detailed statistics in the Statistical Application
Today's session hypothesis
Today's session started with a gap of the size 35 points. According to our Statistical Application, this gap has a high closing probability. This is our first indication that we could expect a decline in price. However, the statistical application also states that a break of yesterday's low is rather unlikely with only 11%. This is good information for buyers. If we do see higher prices, the next resistance is at 12 425, which allows a lot of room for an up-move.
Important zones
Resistance: 12 425
Support: 12 259, 12 199
Statistics for today
Detailed statistics in the Statistical Application
Today's session hypothesis
Today's session started with a gap of the size 35 points. According to our Statistical Application, this gap has a high closing probability. This is our first indication that we could expect a decline in price. However, the statistical application also states that a break of yesterday's low is rather unlikely with only 11%. This is good information for buyers. If we do see higher prices, the next resistance is at 12 425, which allows a lot of room for an up-move.
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