Warning! AEX shows topping formation
Updated
Hi everyone,
Today I want to warn you that the AEX-index shows double top formation.
At first, AEX looked quite strong: breaking out of the rising wedge, but now it broke back into the wedge and formed a bearish formation.
Trade safe and take some profits I would say.
Today I want to warn you that the AEX-index shows double top formation.
At first, AEX looked quite strong: breaking out of the rising wedge, but now it broke back into the wedge and formed a bearish formation.
Trade safe and take some profits I would say.
Note
Yet it shows strength again, breaking out of the wedge again, let's see if it can form a new ATHNote
I think the wedge should be drawn more like so, this means that there is still considerable room to go up to, but this is still a bearish formation
Note
Let's see if this is also a fake-out or a genuine break to the downside
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