No Mans Land

7 thg 11, 2017

The Dax has been reluctant to short term indicators as of late, and traders have seen more of an impulsive bull rally, often finding it hard to get a good entry. After this mornings Gap up, I will be sitting out, waiting for some form of confirmation. My long term view is a slight pull back and push up towards 13,800 (Upper resistance channel). Then we could see a retracement of some size, however not before tying it in with a fundamental reason.

Please see my last post for a shorter term P.Fork I took yesterday, closing out at 3/1. The trade failed to retest the median line.

This is my theory, please do not trade purely off of what I am posting, instead compare it to your analysis. I am wrong 40% of the time, so find your edge!

Happy trading.