AEX ready for a trendline break
It has been a party for the Dutch AEX for a while. However, the first signs of trend reversal are visible.
- Bearish divergence for a quite some weeks
- Shooting star candle (which is a candle pointing to trend reversal) as bounce from the bottom trendline which is contrary to the strong previous bounce back of the bottom trend line
It is an early call since the weekly isn't closed yet, but early signaling prevents people from being too late to act.
I've plotted the fibonacci retracement lines to choose your targets.
- Bearish divergence for a quite some weeks
- Shooting star candle (which is a candle pointing to trend reversal) as bounce from the bottom trendline which is contrary to the strong previous bounce back of the bottom trend line
It is an early call since the weekly isn't closed yet, but early signaling prevents people from being too late to act.
I've plotted the fibonacci retracement lines to choose your targets.
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