Topping Out the FDAX

That FDAX is a great trading instrument because of the volatility it offers and good liquidity.  Here is a bid ask Footprint chart on a 1 minute time frame from this morning that I couldn't pass up showing. It offers two valuable things.

  1. A topping pattern that you would only see on a Footprint chart. (longs stuck at the high) and,
  2. Short term reference point based on an area of volume that served as resistance.

The second screenshot below developed as I was writing. Notice how this trade continued to play out in our favor!

Footprint chart of the Dax

 

Crude Oil Contract on a Reversal Footprint

A nice long trade in Crude Oil