SEO question (Permanent redirection)

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First-Dragon

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187
2011
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I am not sure if this caused my site google ranking to go very low so i need your opinion on this.
I have 2 sites and recently i did a permanent redirection for both sites to completely new domain, changed all high quality backlinks to point to new domain and everything was ok at start, google gave me very good rankings. But since 2 days ago my traffic from google dropped very much, my serp positions also and now google index my new posts very very slow (it use to be just in few minutes, now hours).
Now i removed the redirection from one of my sites and only one is redirected, do you think my ranking will get back?
 
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