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Feb 24, 2020 11:37 AM

AEX: bloody monday : major support zone 580-590 

AEX-IndexEuronext

Description

Hello everyone,

Today an exceptional movement, hence this analysis. Anxiety is not a good counselor. With today's major decline, a gap has been created (skipped price area) of just 10 points. These are usually closed again later when the market has calmed down. We have almost reached an important support zone 590 - 580, below we can really speak of a trend change. More later !

Support : 590/583/577
Resistance: 602/612

Greetings,

TT
Comments
Will_Wortel
you we're drawing an uptrend channel while it is an bearish wedge with a lower outcome around 560. that smaller wedge is part of a bigger wedge with a much lower outcome. around 360. confirmation in negative div in rsi on montly.
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