Good morning traders. Below is the video from today’s briefing. We spent some time today discussing how you can identify a change in behaviour and a swap zone. This technique is very useful when analysing price action and can be applied to any market. It’s worth spending some time studying this technique. Be sure to leave a like on the videos if you like the content.
10-04-2018 Dax Video
10-04-2018 Dax Market Outlook
The price action is still Bullish.
Yesterday, from the article, we discussed the idea that price would retrace back to the Upper Median Line Parallel (UMLH) of the pitchfork before heading higher. Price did exactly this. In order to profit from that analysis, one would have to keep a long position open overnight (because the gap higher this morning would have been of benefit).
Today, the outlook is similar. We are looking for a retracement back to value to indicate a potential area to buy.
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