AEX at crucial POINT!As shown in the graph, the AEX index is at a crucial point. If they break the small resistance line, we can expect uptrend movement to around 800-805 points. If the resistance line holds, we can expect more downtrend or sideways movement to potentially 778 points. Drop a comment in the comment section and a like if you agree with this prediction and/or have other opinions!
NETH25 trade ideas
NETHERLANDS 25 ON ITS WAY DOWN?We have reached the top of the rising wedge which has acted as a reversal point numerous of times previously and I'm expecting a similar instance once again.
Daily, weekly and Monthly RSI are all overbought and are calling for a breather.
My minimal targer is 720 which is roughly a 6% reversal.
AEX25 (NL25EUR) Long OpportunityHello 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 !
AEX : 2021 --> buy the dips : target 700HI everyone,
I'd like to start the year with a look at the long-term chart and it's pretty impressive. Last year we dived below the MA50 in March and then came back above it in May thanks to the stimulus, which avoided a MA20 / MA50 cross as in 2008 and 2002, this is very special because this time it avoided a long-term crash scenario whereby the bull market has remained intact since 2009. Another important signal is the RSI !!! Note that the negative divergence has disappeared due to the recent breakthrough through the falling resistance line that may now serve as a support in the coming months. This is expected to continue the uptrend for 2021. A target of 700 must be possible, note that the top of the trend channel only really gives room for this by the end of the year! Corrections offer an opportunity to take or buy new positions, support is at the bottom around 573/550. MA20 and MA50 !! as long as these levels are not broken, it is not recommended to purchase shorts. Also, don't be tempted by the many doom stories that will always keep circulating, these are usually the ones that are left with great frustration for whatever reason! I wish you a successful positive year with a bit more tolerance and less fears !!
Good luck !
Regards,
TT
AEX fractal for Jan/FebHi all,
This is my expectation for the near future. A top within a few days would be logical. I am waiting for the signal in my trading system.
I will try to play some monthly/weekly AEX put options as always. :)
Shalom,
Im
Disclaimer: as always, think for yourself and search for the truth!