Head and shoulder pattern completet. Holding at the lower longer term trendline. RSI confirming a meltdown in volatility and volume is low as well.
Nevertheless, it looks like the future will break the lower trendline and the RSI continue its way towards the lower oversold line. Interesting will be to see the increase of volume, which would provide and indication ...
FDAX opens already with a gap of nearly 80 points lower from Friday's close. My early target was between 12'290 - 12'300, but should this be a high volume day, then even a further 100 points loss if not even more is possible (today or the next 2 days). Breaking all previous points from this point on could mean a test of the lower trendline of the long term trend, ...
