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...
Pretty self explanatory, TP spot has been identified as the distance from the top of the head of the pattern to the base.
Inflation worries might be causing concern that the governments will be increasing interest rates to tackle which would obviously mean that the markets would react negatively.
Would only buy on the break of the base with a retest that...
As indicated on the chart the recent high and the recent low, we can simply see that the market has touched the support level and now were looking to go and test the market's high for the second time around. Also as I've indicated that the market has the potential to go bullish due to the inverse head and shoulders pattern shown above. please let me know what you...
I used 1H to analyse this pair
* Price formed an ascending channel before breaking out to test the previous HL
* Price went up to test the above high however failed to break the high
* Hanging man candlestick is issued showing exhaustion of rising momentum
* Price broke the previous HL forming a new LL
Based on the above being ticked I am happy to sell this pair
4 Hour Time Frame
* Price rejected at 801.327
* 801.327 is a structural significant level
* During the rejection I see Morning Start Candle Stick Pattern
1 Hour Time Frame
* Price forms HL at 811.671
* Price makes impulsive buy then forms HL @ 813.184
My position is a buy because price failed to break the previous HL @ 811.671 with a 1 hour candlestick showing...
Despite small correction this week on indices - NL25 is back retesting all time highs. Watching closely to see if we get another rejection at the highs going into next week... We have a sort of buying climax - selloff & secondary retest going on - so a rejection should send price at minimum of retest of those last lows but probably slightly lower - probability of...
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...