Return to re-tests of the earlier supply zone, what next?

Naked Markets

PSV strategy: DAX is close to the final goal.  The market is looking for an entrance againPSV strategy – is a daily cycle of analyzes and plays based on three main elements: pivot, sequence and volume, and two elements supporting the decision-making process. This cycle not only approximates the use of the method but also estimates the successive steps of the DAX index. A series of analyzes created under the patronage of Interactive Brokers. The analyzes are focused on the German DAX index.

  • On Wednesday the market peaked to the range of 15,735 points
  • It was the S2 range test according to direction points
  • They still remain unchanged compared to the last days
  • The partner of the article is Interactive Brokers, check the offer now

The market is struggling with support

Yesterday’s descent to the S2 range gave a clear hope that a significantly further and possibly even avalanche retraction would occur in the following hours. The market, however, decided to continue to fight to stay in the zone and finally returned to the CP range. Now the exact same pattern of trading will appear, i.e. the possibility of approaching 16.090 and only another declining wave.

As long as they hold the resistance, there is a chance for a further pullback. The market shows the first such strong correction in many weeks, so the movement will probably not slow down as quickly as if nothing had happened. The assumptions remain valid from yesterday, therefore, without any significant changes.

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DAX H1 chart 24.11.2021
DAX H1 25/11/2021

Summary for the session

Chance of main traffic until noon: Further pullback, downward move – but it would be good if the market did it after an earlier increase to 16.090 regions.
Purpose for the session: 15.808 – 15.765.
The affirmation behind the thesis: No typical momentum after discharging sentiment.
Today’s PK * levels: 24.11
R3 = 16,325
R2 = 16,211
R1 = 16.090
PK = 15,975
S1 = 15,860
S2 = 15,735
S3 = 15,612

* Directional point – a subjectively determined critical level for the index. Although the structure may resemble pivots, in practice it is nothing more than hand-marked intraday trading zones. You can learn more about the direction points from the regular webinar meeting – “Determining direction points in practice“.

You can follow all cycle analyzes under tagged PSV. Also learn about the PSV methodology – described here.


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The article is sponsored by Interactive Brokers CE. Interactive Brokers Central Europe Zrt. (IBCE) is regulated by the MNB. IBCE is not responsible for the content of this article. Investing comes with the risk of losing your capital. Some financial products are not suitable for all investors. Clients should read the relevant risk warnings before investing.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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