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DAX First time hitting the MA50 (4h) in a month

CAPITALCOM:DE40   Germany 40
DAX crossed under the MA50 (4h) today for the first time since Marhc 27th.
This isn't remotely close to a sell signal yet as inside this Channel Up pattern that started in November, the confirmed sell has been when the RSI (4h) crossed into the oversold region under 30.00.

Trading Plan:
1. Buy as long as the RSI (4h) is over 30.00.
2. Sell if the RSI crosses under 30.00.

Targets:
1. 16200 (progressive Higher High rise).
2. 15200 (Support belt from former Higher Low).

Tips:
1. The Golden Cross (4h) tends to confirm a rally extension but the Death Cross tends to form the bottoms.

Please like, follow and comment!!

Notes:
This is a continuation of this trading plan:


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