AEX trade ideas
AEX - TARGET 575Hallo,
de aex heeft zijn vervolg omhoog ingezet met het doorbreken van de zone 555 hiervoor was een gap te zien dat nomaal gesloten zou worden maar met de uitbraak omhoog kan dit gecatalogeerd worden als een run-away gap . Er staat een nieuw trendkanaal ingetekend wat de bandbreedte aangeeft voor de komende maand , een kleine correctie is momenteel mogelijk tot 555 om daarna naar de 575 te kunnen doorgaan.
De macd heeft een positieve kruising wat de verdere stijging ondrsteunt , het zou mooi zijn als de RSI een OB-notering kan maken de komende dagen.
Vriendelijke groeten ,
En happy trading !
NEDERLANDS 25 (NL25) (NL25EUR) BUYThe Nederlands 25 Index is in a classic uptrend on the daily and lower timeframes. Price could retrace lower on the 553.671 upper resistance and then further bounce on the 544.339 support level. This asset could be trade on confluence with the upward trendline or at the 544.339 support level.
Death CrossThe death cross occurs when a short-term moving average crosses over a major long-term moving average to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The death cross is a technical chart pattern indicating the potential for a major selloff.
The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average.
The death cross indicator has proven to be a reliable predictor of some of the most severe bear markets of the past century: 1929, 1938, 1974, and 2008
As we can see it occured in 2008 aswell and the chart and other indicators (RSI and stoch RSI, but also ichimoku cloud and few others) are almost indenticial to when the crash in 2008 happened.
The AEX will take a big hit and may fall to 0.786 fib. level and perhaps lower.
AEX looking to roll over againI keep getting drawn back to this long term chart of the Dutch AEX index.
It still looks like a beautiful 5 wave EW pattern up from the 2009 lows with ideal wave relationships/Fib retraces and extensions.
Suggests that we are likely about to roll over again and head lower (minimum -20% maybe much more) in a wave C or 3 down.
AEX Short IdeaThe AEX is starting to form a pattern I recognize as the Rising Wedge pattern.
This could be an interesting short-term short. Wait till the yellow line has been broken before entering the short.
target price would be either 534, caused by the strong daily support (red horizontal line) Or it would be 525 creating a new daily support line.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.4 (61.8% fibonacci retracement , 100% fibonacci extension , horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 505.7 (50% fibonacci retracement , 61.8% fibonacci extension ).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 538.32 (78.6%, 61.8% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 513.59 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.