DAX at decision level

Price reaches the Centerline over 80% of time. With this fact alone one has a great measure tool for profit targets, or a good hint where to hide stops.

The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again.

Now price is dealing with
a) the grey horizontal balance line
b) the orange Centerline
c) the up-sloping yellow Mini-Fork

If price close below the Mini-Forks L-MLH, then a short is in play, with the natural target at the Centerline of the white Fork.

If price climb above the orange Centerline, then the target will be the U-MLH of the white fork.

If you not have any positions in DAX, then relax, lean back and observe how the rules play out.

P!


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Happy learning!