AEX approaching resistance, potential drop!
AEX is approaching our first resistance at 538.15 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal pullback resistance) where a strong drop might occur pushing price down to our major support at 500.92 (Horizontal swing low support, 61.8% fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
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