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….
I took the sell REVFIB after 12799 was tested. I nearly got stopped out before the move down to the M5 MAB.
I then moved my stop to BE and got stopped out for a small loser due to the gap. Price then went on to sit right on my target before moving back up and as I type it’s coming back down.
On Friday the bulls were able to push price back above the 12725 midline at the close.
Will they try and move on up to 12873?