AEX - NEXT Step up : large increase expectation
Hello everyone,
Today, an important step has been taken in the further long-term follow-up scenario. The index has managed to break through the heavy resistance at 574, currently with a gap up, a large reversed SHS has entered into force, the trend channel determines the direction for the coming months, a price target of this pattern can be set around 680, a long way. It is a condition that the neckline at 574 remains intact.
Regards,
TT
NL25 trade ideas
AEX SHORT Based on Major Resistance.AEX SHORT Based on Major Resistance. Last time it broke the Major Resistance (RED) was back in `07. Since then it dropped and had a slow but steady climb back up. If the Major Resistance (RED) gets broken in the next week, expect false breakout and short ones under 576.65 again. Aim for the 1st Target (ORANGE), Support Level at 565.18. Hereafter, continuing down towards 2nd Target (YELLOW). Expect heavy Support here based on multiple hits as Support turned Resistance dating back to Jan `18.
AEX is making its follow-up Hello everyone,
The aex has set a reversal bar on a weekly basis last week, this has also broken the falling (red trend line), with this there is a higher bottom in the longer time frame, we are at the bottom of a broadly rising trend channel, this will need support turn out, my expectation is further upside potential and an attack on the summit at 572, the MACD has also made a positive cross and the RSI with positive divergence.
Greetings TT