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.
Hello 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.
Because this level nicely fits with 0.618...
The Nederlands 25 Index is in a classic uptrend on the daily and lower timeframes. Price could retrace lower on the 553.671 upper resistance and then further bounce on the 544.339 support level. This asset could be trade on confluence with the upward trendline or at the 544.339 support level.