Current Price OverviewDAX futures are trading at 21,377, positioned just above critical levels that dictate today’s price action:
Point of Control (POC): The day's primary volume concentration.VWAP (Volume Weighted Average Price): Reflects market equilibrium.Value Area Low (VAL): The lower boundary of the fair value range.DAX Futures Bearish Price Prediction
Key Entry Levels for Short Positions
21,397: Just below the 21,400 round number, a psychological pivot.21,417: Below the 1st Upper Standard Deviation of VWAP, ideal for additional entries.21,430: A potential third entry near high-volume nodes (HVNs), offering better trade positioning.21,444: If price revisits the VAH, this provides a strong confirmation level for shorts.21,278: Above the VWAP of the open, an early profit-taking zone.21,146: Just above yesterday’s VAH, a significant support target.21,051: Above yesterday’s VAL, aligning with further bearish momentum.20,900–19,900: Deep swing targets for multi-day traders, maximizing the potential of a sustained decline.
Risk Management:
Use 21,485 (just above the breakout threshold) as a stop-loss.Adjust stops to breakeven or secure profits after achieving the initial target at 21,278.Bullish Entry Trigger
Bullish Target Levels
21,520: The first significant resistance post-breakout.21,594: A secondary level near high-volume areas.21,700+: A potential stretch target for traders riding sustained upward momentum.Below 21,444 (VAH) to manage risk if momentum reverses.
DAX Futures Analysis: Supporting Factors
Relative Weakness: The DAX shows signs of lagging performance, previously buoyed by the Nasdaq and stocks like Netflix. This rally could fade, enhancing the bearish case.Reward-to-Risk Advantage: Short setups currently offer a more attractive risk-reward ratio, especially for swing traders.Key Price Level at 21,355: If the price sustains below POC, VWAP, and VAL, it confirms bearish dominance.Partial Profit-Taking: Secure gains progressively at outlined targets to mitigate risk.Stop Adjustments: Shift stops to breakeven or higher after hitting early targets for added security.Swing Trade Potential: Hold positions beyond intraday timeframes to capitalize on larger moves.
While our primary goal is to capture a larger move, we recognize the importance of managing risk effectively. To achieve this, we have pinpointed specific price levels and detailed the rationale behind taking initial partial profits. This approach allows us to secure gains early, reducing exposure and ensuring we stay disciplined even as we aim for bigger targets. By identifying these key levels, we create a structured path to mitigate potential losses while maximizing the opportunity for a significant move.
Thank you for following along, and we invite you to visit us daily for more insightful TradeCompass ideas and strategies. Always do your own research, trade the DAX at your risk only, and visit ForexLive.com for additional views.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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