AEX is uitgebroken uit een vlagpatroon ( = een voortzettingspatroon) waarbij er een stijging gaat volgen zoals zijn voorgaande , het nieuwe trendkanaal is de voorlopige indicatie verder naar boven. Succes !
The death cross occurs when a short-term moving average crosses over a major long-term moving average to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The death cross is a technical chart pattern indicating the potential for a major selloff.
The death cross appears on a chart when a stock’s short-term...
I keep getting drawn back to this long term chart of the Dutch AEX index.
It still looks like a beautiful 5 wave EW pattern up from the 2009 lows with ideal wave relationships/Fib retraces and extensions.
Suggests that we are likely about to roll over again and head lower (minimum -20% maybe much more) in a wave C or 3 down.
The AEX is starting to form a pattern I recognize as the Rising Wedge pattern.
This could be an interesting short-term short. Wait till the yellow line has been broken before entering the short.
target price would be either 534, caused by the strong daily support (red horizontal line) Or it would be 525 creating a new daily support line.
AEX is approaching our first resistance at 538.32 (78.6%, 61.8% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 513.59 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should...
AEX is approaching our first resistance at 511.53 (38.2% Fibonacci retracement, horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 474.74 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching...