In the recent period, the RSI has been at an extreme level three times (H4 chart).
None of the periods lasted longer than 7-8 days.
DAX showed a 4.5-5 percent increase in all three periods.
For me, this means that a strong correction may arrive within the day/days, but also within the week.
I don't think that a rise of more than 0.5 percent is expected, and after that we will most likely reach the peak (temporary or not?...we can't know, we are not fortune tellers:)
Setup:
Sell @ MKT
Sell @ until 22950
SL @ depend on your risk management
None of the periods lasted longer than 7-8 days.
DAX showed a 4.5-5 percent increase in all three periods.
For me, this means that a strong correction may arrive within the day/days, but also within the week.
I don't think that a rise of more than 0.5 percent is expected, and after that we will most likely reach the peak (temporary or not?...we can't know, we are not fortune tellers:)
Setup:
Sell @ MKT
Sell @ until 22950
SL @ depend on your risk management
交易進行
Suggested SL @ 22710交易結束：目標達成
i closed out my position.
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