AEX approaching resistance, potential drop!
AEX is approaching our first resistance at 516.29 (horizontal pullback resistance, 23.6% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension ).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.
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