Welcome to the daily DAX commentary where we share with members our unique take on Price Action as the session unfolds. We comment on trade setups that conform to our Trading Edge and how we use the hybrid Blackbox Trade Controller for MT4.
Use the comments section below to post questions and read what others are saying.
Remember to:
- Follow your Trading Plan.
- Practice Visualization Techniques.
- Review and journal your trades at the end of each session.
- And above all else Be The Bear….
The KeyZone shown at 12799 may be in play if price continues to move down and test the low.
If it holds we may see a buy REVFIB, if not we may see a sell setup?
Once again the Daily EQZs contain price. This is why we must learn to trust the Gird and its levels.
Can the bulls break above 12873 and the PM High?
Double Top / FIBCON Sell +1.96R
https://blackboxsoftwaresolutions.com/wp-content/uploads/screenshots/scottyspice/ge30.sb_M1_15jul2020_1628_11756261_sell_DT-FIBCON-Sell-Winner.png
This is a better screenshot showing the double top context.
https://blackboxsoftwaresolutions.com/wp-content/uploads/screenshots/scottyspice/ge30.sb_M1_15jul2020_1627_11756261_sell_DT-FIBCON-Sell-Winner.png