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 13169 level and the D1 Channel midlines have supported price for the last few sessions, the PW High@13317 is going to be a key level, look-left!
Note that twice last week and on the 21st July the EQZ 50% level@13317 reversed price.
If the bulls are strong enough then maybe 13465 will be a target?
If not then we might be going back down to test 13169?