Dax – Buy Setup Off Key Recovery Level Profits Heavy
As we discussed in our weekly members commentary, we talked about the Dax forming a strong daily pin bar off the key 8900 level. This was followed up with another strong bull close above the ‘recovery‘ level of 9066. Our buy trade setup idea was to look for longs off 9066, without looking for a price action signal, thus a pure buy off the level.
This trade was highly discussed amongst our private members area, and as you can see, the index went right to our recovery level, rocketing higher for +180 points . For those with a 30 point stop, you would be up a +6R profit…... Keep reading