DAX Climbs Into Parabolic Territory as RSI Nears 78 on 4-Hour Chart
The DAX has accelerated higher to 26,277.5 on the 4-hour chart, showing classic parabolic behavior. Technical indicators point to extreme overbought conditions - the Relative Strength Index (RSI) sits at 77.93 and the Money Flow Index (MFI) at 81.58 - while price remains pressed against the upper Bollinger band at 26,317.4. Traders face a dilemma: …