Roast my Strategy, as the tile says.

I day-trade the Dax.

Fibonacci EMA RSI Confluence Volume as a topping

The Setup:

1️⃣ Fibonacci Levels: I plot retracements/extensions (61.8%, 127.2%, etc.) on the daily chart to find key support/resistance zones.

2️⃣ EMA 14: If the price aligns with a Fib level and EMA 14, I take it as a strong confirmation.

3️⃣ RSI:

• Oversold (<30) near support? Likely bounce.
• Overbought (>70) near resistance? Possible pullback.
• Divergences RSI vs. price action is a key trigger for me.

Why I Think It Works:

• Fibonacci gives me levels.
• EMA 14 confirms the trend.

• RSI tells me if the market is stretched or hiding reversals. When combined, they make broader sense.

  The Rules I Follow:

• I wait for <2/3 confluence (2/3, or all three align).

• I always check volume and candlestick patterns for extra confirmation with more weight on volume.

• No confluence? No gut feeling either? No trade.

Wdyt?