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I finally understand the background completely. I am very curious to see how this will develop in comparison to my otherwise intuitive/emotional approach.
Thank you very much for this very good explanation of the topic 👍🏼
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@TradingHase Thank you! However, a little is still missing to fully understand the background. For example, why is the EMH the paradigm of financial market theory? As long as it is, momentum works. But what are the conditions for a paradigm end so that momentum fails? Momentum does not work in China.

The answer is probably to be found in the specific psychology of Western financial scientists.

This momentum is a miserable "rabbit hole"... 😅
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@Epi Are there comparable models in the Asian sector?
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@TradingHase Momentum does not work in China. There are studies on this.