AEX approaching resistance, potential drop! AEX is approaching our first resistance at 517 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.
NL25 trade ideas
AEX is approaching support, potential bounce! AEX is approaching our first support at 506 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our first resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
AEX approaching support, potential bounce! AEX is approaching our first support at 511 where a strong bounce might occur above this level pushing price up to our major resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level.
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AEX approaching support, potential bounce! AEX is approaching our first support at 517.10 (horizontal swing low support, 61.8%, 100% Fibonacci extension ) and a strong bounce might occur above this level pushing price up to our major resistance at 552.37 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
AEX approaching support, potential bounce! AEX is approaching our first support at 517.10 (horizontal swing low support, 61.8%, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 533.25 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
Long slow bullNow that the dutch AEX broke it's 2007 for some time .. what are the new expectations?
This is just a TA based view on patterns and indicators on weekly chart.
As we see the previous two bullruns put into trending channels we can see that the current one is the longest and less strong in terms of run up power.
With the top of 2007 behind us and the ATH of 703.18 it might be an even longer bull.
Leading US indexes have seen a stronger bull and are currently in consolidation phase for another leg up.. lack of selling pressure, multiple bullish patterns forming etc.. wich will drag other indices such as the AEX along with them.
The recent weekly trending channel suggests that for reaching the ATH of 703.18 would not be before 2023! wich brings us into another 4 years of bull at least.. as long global economy is presenting growth and announcing supportive measures wherever needed.
For now.. the bull is still on.
Just ride it.
Another EUROPE stock market that's going bearishAEX is running out of steam and created a zone of rejection at the all time highs. Price is now likely to go down.
What might potentially happen:
- Price goes down to 540 area and bounce back
- Prices goes down to 540 area and break further down towards the 500-510 area.