RWE - An observation on price action

Updated

With using HeikinAshi candles and daily TF on , ma shows it starts a downward movement. But rsi broke the 30 line which is very rare case.
Normally rsi does a single reverse from the 30 line but there are some dates to consider. For example feb-mar 2021 which rsi and price action continued to drop.

Summary: Wait for few days to observe the price action and rsi . At this time moving at both direction is possible.

Trade active

Although the index does not have a strong upward movement, I long it.
The fed chair talk is at 15:00 and the DAX does not show a upward movement.

Trade closed: target reached

target on long 3x reached! 5.5% profit.

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