DAX is on a 2-day pullback with a new (dashed) Channel Up emerging. The index is already inside two long term Channel Up patterns. The RSI (1d) crossed under its MA level, calling for a technical pullback inside the borders of these Channel Up patterns.
Trading Plan: 1. Sell as long as the price remains under Resistance (1). 2. Buy if it breaks above it.
Targets: 1. 15740 (bottom on two Channel Up patterns). 2. 16950 (top on two Channel Up patterns).
Tips: 1. The RSI (1d) has a Rising Support. Keep that in mind as if it holds you might consider closing the short position earlier.