TF: Monthly
Massive bearish divergence has been brewing on the RSI since 1997, which is pretty dicey. Im not implying DAX is going to crash and head southwards next week or next month, but we could see some massive decline if the major trend line fails over the long-term or a nice push up if the trend line is respected.
This trend line has held since the early 1980s, I will be watching how price reacts here over the long-term.
Massive bearish divergence has been brewing on the RSI since 1997, which is pretty dicey. Im not implying DAX is going to crash and head southwards next week or next month, but we could see some massive decline if the major trend line fails over the long-term or a nice push up if the trend line is respected.
This trend line has held since the early 1980s, I will be watching how price reacts here over the long-term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.