AEX : great movement on the way

Updated

Hello everyone, this weekend I took a moment to take a good look at the bigger picture again, it is clear that there is a clear resistance line at the top with 3 tangent points and at the bottom a support line with 3 tangent points. This pattern indicates an ascending wedge indicating the end of a rise in an outbreak down. At the top it is now around 583 it could be broken this gives a very strong bullish signal. Space is shrinking this week, so I expect a lot of movement, nervousness especially given the expiration of options next Friday. It is important to keep an eye on the resistance line / support line!

Here are 2 clear trade options:

- in case of an outbreak down: target closing gap around 544 (15/06/20)
- in the event of an outbreak upwards: target closing gap 613 (21/02/20!)

SO: be patient and wait for an outbreak !!

Good luck traders!

Regards,

TT

Note

Speaking of nervousness: with this morning's drop we have come back below MA50, the positive is that the support line is not broken yet, the bulls will need to get the necessary strength to tip it back, it's going to be exciting. For the time being a nice entertainment on the side, that fighting. Resistance can now form around 572/573.

Note

Good morning, what a spectacle yesterday in the bull arena, the bulls have defended the support line well and managed to turn the tide today back above MA50. It clearly indicates that the interests are on the upside given Friday's expiration day. We move into the tip of the rising wedge marked at the top around 583. It remains to wait for an outbreak before a clear direction can be chosen, while enjoying the spectacle !!

Note

the interests are great, after hitting the top of the resistance line yesterday, the support line is now under pressure again, the endgame is in sight! For today the MA50 has to be conquered again given the gaps this has become an exceptional week, which was pretty much the expectation. An outbreak will herald a great movement, patiently waiting for which direction! Tomorrow expiration; I expect interests to be around 580

TA-Vision

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