AEX - whats' nextHello everyone,
Back from a long vacation, and a lot has happened in the meantime.
After the index fell back below the neck line of 574, a major decline followed, also falling from the rising channel that had emerged at the beginning of this year. This is a negative long-term development. A falling trend channel is currently not visible because a lower top must first be formed for this and this has not yet been set.
Since the beginning of August, a sideways trend has been visible in the daily graph in the form of a rectangle (continuation pattern) between roughly 535 and 550. Positive divergence has occurred in the RSI, resulting in a temporary bottom at 535. We now have to wait for an outbreak from the rectangle to be able to determine a further direction, currently no clear long or short signal.
It is my intention to also post freqeunter when important developments continue.
Regards,
TT
