We have seen a classical false breakout...!
Former Analysis is abudantly valid!
Dax caught in the Box!
We see a sideways tradingbox between 9.900-10.400 (blue). Now we nearly have reached the upper edge of the box. The RSI is signalizing an overbought shortterm Situation.
This upper edge is a trading Level and the Level to watch!
For scalpers, shorting the upper edge and buying the bottom edge makes sense. (In the Chart you see a possible anticyclical short Position)
Trading possibilities:
Prices above the box will generate a TP at 10.650 --> Stop Buy @ 10.417
Prices below the box will generate a Target @ 9.400 --> Stopp Sell @ 9.875
Fixing the upper edge @ 10.380 will generate a shortterm target @ the box bottom @ 9.900
Former Analysis is abudantly valid!
Dax caught in the Box!
This upper edge is a trading Level and the Level to watch!
For scalpers, shorting the upper edge and buying the bottom edge makes sense. (In the Chart you see a possible anticyclical short Position)
Trading possibilities:
Prices above the box will generate a TP at 10.650 --> Stop Buy @ 10.417
Prices below the box will generate a Target @ 9.400 --> Stopp Sell @ 9.875
Fixing the upper edge @ 10.380 will generate a shortterm target @ the box bottom @ 9.900
