The Dow Jones index made a new ATH (all time high) at almost 37 000. The price could not stay long at these historical levels and plunged sharply below 36 000. On the Weekly chart, this new peak forms a triple Bearish Divergence and currently our STS_RSI_MTF_Indicator does not show overbought values on the large frames despite the price levels are still high.
The last lowest point after the top is at 35 641. We have loaded our STS_RSI_Breakout_Bot to open a short position if the price falls below this level and RSI 6 period on H4 timeframe is with value 30 or less. The Stop Loss of the position is RSI above 70, which means that if the Bot opens a short trade under these conditions, the position will be closed when RSI reaches 70, regardless of whether the position is at profit or loss.
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