AEX approaching resistance, potential drop!
AEX is approaching our first resistance at 511.53 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 474.74 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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