We've seen an extremely bullish year so far and the past few weeks have seen to be the last push of the current leg.
Seeing the amount of bearish RSI divergence taking place among many of the major indices I'm going to take a short position taking us down to the previous resistance, which is also the potential support of the cup & handle pattern visible.
Nice consolidation in an upwards bullish trend. Look to long the length of the pole, harmony principle; a more conservative bet being half of the length of the swing
Stayings in the trend
will go to 1000 then drop.
probably because the interest rates will be lowered. Then recession strikes and inflation will hit again.
As in most nen ideas, the purpose of this ensemble is to try and catch potential pivot points, turnarounds, or bounces, at any of the individual shapes or levels, in a way that stands out from other possible random occurrences. The green curves are a main scenario for the direction of the price, but the actual path that unfolds can deviate from it before getting...
I bought puts on the AEX to cover my portfolio exposure on long European stocks.
I advise you to consider allocating between 2%-3% of your portfolio value to options.
Risk management is key to outperforming the market.
Entry Level: 760
Stop Loss set at 805.
Expiry Date: May 19th 2023
First Take Profit at 740. Second Take Profit at 680.
*Important...
NL25 instrument, the 25 Blue Chip companies of the Netherlands index, broke its resistance at 738.438 which is a signal for a bullish trend. If this price movement continues, the price might try to test prices around 786 mark. In the opposite scenario, the price might revert to 668.53
Both MACD and RSI are also supporting the bullish trend, with MACD histogram...
