AEP – Bullish Structure Intact, Corrective Pullback Toward Trend
On the Monthly and Weekly charts, #AEP remains in a well-defined bullish structure, printing higher highs and higher lows.
Price is currently pulling back after an extended rally into:
The weekly rising trendline
The weekly 20-period moving average
A prior breakout / demand zone around 105–110
This creates a high-confluence support area rather than a trend failure.
Weekly Structure Insight
Trend remains bullish
Current move appears corrective
No weekly structure break so far
As long as price holds above the 105–110 zone, bullish bias remains valid.
Daily Timeframe Behavior
On the Daily chart:
Strong rejection from recent highs
Price trading below the daily 20 MA
Momentum slowing as price approaches HTF support
This suggests a potential continuation setup, pending confirmation.
Trade Scenarios
🔹 Bullish Continuation Scenario
Hold above 105–110
Daily bullish reaction (engulfing / higher low)
Reclaim of the daily 20 MA strengthens the case
📈 Targets:
118–120 (first resistance / MA zone)
125–128 (prior highs)
🔹 Bearish Risk / Invalidation
Daily acceptance below 105
Would open the door toward deeper correction
Execution & Risk Note
This is a trend continuation opportunity, not a counter-trend play.
Let price confirm at support before committing risk.
Think of this area as a pit stop in an uptrend:
If it holds, the trend resumes — if not, step aside.
💬 Are you waiting for a clean daily confirmation, or scaling in at HTF demand?
