Failed Auction — DAX

SESSION OVERVIEW

Price dicked around within the Initial Balance Range before robing above Initial Balance High during G TPO and then closed back within IBR through a weak M15 Evening Star.

PUBLIC TAKEAWAY

When Price probed above IBH it wasn’t a clear level as Value Area Low was a bit higher. The only thing to go off on was the right time of day although not the cleanest price action to get in.

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