ACCESS ENGINEERING PLCUpdated AEL Prediction (2024 Dec 11) - Retracement
Not a BHS recommendation. Just Sharing my idea.
AEL.N0000 - The overall trend is uptrend.
TimeFrame - Daily
Higher High is formed @31.80 and Retracement is already happening
Possible reversal @29.80 (From the highlighted green box)
Confirmations for the reversal -
Expecting Reach the Price to 35 which is a Weekly Resistance
AEL.N0000 - The overall trend is uptrend.TimeFrame - Daily
Higher High is formed @31.80 and Retracement is already happening
Possible reversal @29.80 (From the highlighted green box)
Confirmations for the reversal -
- Fibonacci levels (0.66 and 0.618)
- The Previous Up-Trend Resistance has now become a Resistance
- Hidden Regular Divergence is possible which is a Trend Continuation Divergence
Expecting Reach the Price to 35 which is a Weekly Resistance
Trade active
As predicted price reached the 35 target. 
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