Hello traders !
As you can see,we have another indice analysis. Today you can see AEX25 which is an indice from Netherlands. We have a lot of nice confirmations here.
Let‘s start !
Price is now moving down but this only correction. Where will it be done ? I recommend you to focus on actual support level.
Why ??
Because this level nicely fits with 0.618 fibonacci retracement and 200 SMA.
You can also see a "Kill Zone". This is zone,where I expect the second bottom of Double Bottom pattern. If price closes below this zone,then I am not any more interested because it won‘t be a valid Double Bottom. It can be wicked but price mustn‘t close below. This is very important !
Also fundamentals are good for us. If mutated COVID-19 doesn‘t attack NL,we will be fine 😀
If all of these criteria are met,we can simply enter a long position.
Thank you for reading !
As you can see,we have another indice analysis. Today you can see AEX25 which is an indice from Netherlands. We have a lot of nice confirmations here.
Let‘s start !
Price is now moving down but this only correction. Where will it be done ? I recommend you to focus on actual support level.
Why ??
Because this level nicely fits with 0.618 fibonacci retracement and 200 SMA.
You can also see a "Kill Zone". This is zone,where I expect the second bottom of Double Bottom pattern. If price closes below this zone,then I am not any more interested because it won‘t be a valid Double Bottom. It can be wicked but price mustn‘t close below. This is very important !
Also fundamentals are good for us. If mutated COVID-19 doesn‘t attack NL,we will be fine 😀
If all of these criteria are met,we can simply enter a long position.
Thank you for reading !