Today I want to warn you that the AEX-index shows double top formation. At first, AEX looked quite strong: breaking out of the rising wedge, but now it broke back into the wedge and formed a bearish formation. Trade safe and take some profits I would say.
Comment
⋅
Yet it shows strength again, breaking out of the wedge again, let's see if it can form a new ATH
Comment
⋅
I think the wedge should be drawn more like so, this means that there is still considerable room to go up to, but this is still a bearish formation
Comment
⋅
Let's see if this is also a fake-out or a genuine break to the downside