Short

AEX: bottom expected!

Updated

So far so good. :) Praise Yehovah!

Shalom,

Im

Note

The bottom date of 3 August is playing out nicely! Signales confirmed this nicely on Friday evening (after market) 31 July.

I see a possible Harmonic Cypher Pattern to 555,50 (FTI 15/60 minute chart) before we go down again into 7 August (530± expected).

Note

FTI is at 551,50 at 12:50 o' clock.

Note

Repair: the Cypher Pattern would go to 559 in the FTI. This is possible and is former support (now resistance). The 555,50% is a 61,8% retracement level.

Note

Oké, I just found out that it is very simple to post a picture. So now you can look at the picture and read the text that I wrote and all will make sense. :)

Note

The problem I have with the Cypher target (point D) is that we would break the downward trendline that I have drawn over the tops. So let's see what happens when we get to around 555,50. :)

Trade closed manually

ImmanuelKoning

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