vanfleetdaniel

vanfleetdaniel

The AEX index has been in the grip of a slow consolidation movement. Currently, price has been moving back towards the upper region and in combination with RSI divergence it seems the index is ready to break out. If so, that would mark the end of a wave 4 correction so that we can focus on the last move upwards which would end somewhere around 630 points. For now...

vanfleetdaniel Updated 

Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction. Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points). Next week the bulls should show their faces or else its to the graveyard with this one. For the longer term its important to quickly conquer that February top...

vanfleetdaniel Updated 

We are nearly at the end of a large wave. The fifth wave is often the slowest one, as it is this time. You can see price movement has difficulty getting towards that previous top. The question is, will bulls be able to push that price above the February top or not? That's a very important factor for the coming months/years as it will tell us how strong the next...