claydoctor

GER30 (DAX) false break outs

Short
FX:GER30   Indice DAX des actions allemandes cotées
1
Watching price versus strength (and money flow). Descending channel. Note how high price is, and how far it has to drop before it reaches relative strength, and how less RSI has to drop to reach those levels of 9-12-2011. When price action matches strength (RSI) then we have proper values. What was stretched (price) has got to come back to reality (RSI) at some point, and we may be at some point.
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