Tuesday, 5 May 2009

Before..............

Hi Everybody,

For the Advanced Traders among you.

Here is a potential setup on the 5min Dax, where we have a VSA, high volume spike, bar that has immediately been followed by a blue (buy) reversal bar at DP support. As such, this is a potential low coming here.

The profit target is the “opposing DP” where a potential +5R is available

So let’s see how this unfolds............

Steve