Major Sell Off Coming?

TVC:DEU30   DAX Index
125 1
Could we possibly be looking at that reversal for the German economy or will it continue to hold strong for another a new high.

Right now I think the DAX has been so over-bought because of so much bullish pressure that there will be a slight crash and that time might be now, however it may be smart to hold you long position in case of an immediate reversal.
Could you explain what this chart is telling you and what all the lines represent? Thanks.
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