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I‘m not going to open a position in one of the US indices, because the counting of the correction days is a bit weak (first down day was also an up day), so I want to see a stronger pullback.
DAX
Third down day. RSI-7 weekly is above 70, so I‘m not going to take any long trades here.
TecDAX
Nearly stopped out, but the low was 780.25. Uptrend is still valid, long entry is possible, weekly RSI-7 is 61. The (ab) position is still open; there‘s a valid setup, so I‘ll open another position: Buy STP(cd) 788; SL(cd) 780; TP(c) 810. SL(ab) 780; TP(a) 807.
Dow Jones
Down and up day.
S&P 500
Down day.
Nasdaq 100
Down and up day.
Long entries would be possible in all three US indices, but the risk reward ratio wouldn‘t be good enough.
TecDAX
Up day. There's no clear trend to catch, so I'm playing safe, i.e. I'm drawing all stop losses closer to the break even of the (cd) position. SL(abcd) 788; TP(c) 810. TP(a) 807.