Based on the RSI, some weeks ago @10.000 area was overbought, today we are again at overbought area but with 1000Points less @9000!
- Trigger is simply the trend continuation, which you can see above in dark red and dark green, the lines btw surely have some tolerance.
- small double top building up
This is not an trading advice just my personal opinion
So the last few days were harsh on Markets especially on DAX’s 30. We have seen an continuously downward trend which seems to get broken any moment.
It would also sound logical from Economical perspective, that this downward trend comes to an end now, as the FED, EZB inject tons of money into the Markets. But the more important thing is the Cure which seems to...