AEX approaching support, potential bounce!
AEX is approaching our first support at 500.92 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 521.87 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price above this level.
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price above this level.
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