Ger 30 (DAX) 15 min set up

2017년 1월 2일

This is what we are waiting for now to happen

RSI Divergence with the price

-The RSI has to go overbought above 80 at the initial impulse leg
-And then at the second HHC we need to see divergence but the RSI cannot be overbought above 80 at the resistance area

And the MACD (blue line) stay flat or start having a negative slope(tenting lower)

What we mean by saying "impulse leg" we do not just look at the price action but also in the behavior of MACD histogram which indicates a certain type of momentum strength

Look that smooth curved histogram

Its kinda subjective how this looks and how we identify "smooth"... I am working on how i can calculate that distance between MACD and signal line so we can have an accurate objective signal so we can actually create an algorithm out of it.

2017년 1월 2일

노트

Our resistance... 2.24 extension of the HL of the consolidation zone

As you can see our pattern is slowly tend to be formed in the 1H time frame also