Deutsche Boerse DB1 - Continue to drop or reversal?

6 Oca 2023

DB1

Using HeikinAshi candles and daily TF on Deutsche Börse shows that DB1 movement is in good agreement with ma (9-60) and rsi. Each price drop (from start until rsi reversal from 30) usually takes 13 to 70 bars. Currently we are at the 23th-bar.
Due to current doubts in market, it can continue to drop and test both support 1 and 2 but the recent observation shows that it is also a good point for its reversal.
Next few days are critical for DB1 to show if it continues to drop or reverse.

10 Oca 2023

İşlem aktif

DB1

It seems that is was a reversal although the fed speech in at 15:00 and the uptrend market can be the January effect.

I do long on DB1 with 2.3% win and risk-reward of 1.5

19 Oca 2023

İşlem kapandı: hedefe ulaştı

target has been reached. 5% profit in 9 days.