1) Failed BreakOut out of LT Resistance and upward channel
2) We see lower Highs
3) Positioning extreme
Within last years it was always a good decision sell within the "Sell Region" (red) and buy in the "Buy Region" (green). Till we see a BreakOut (above 885-890) we have NO reason to believe in a new BullMarket. A correction back into the 780-800 Region seems to be more and more likely. With extreme Positioning even a "cascade selling" till the lower boundary may be possible but with the strong physical demand unlikely.