AEX IndexShort
AEX - 5 months HEAD & SHOULDER TOP
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the all time highs (violet dotted line) and the
neckline stands at 754.00 level. A breakdown would
also breach the 200 days EMA.
If prices go towards the target, keep in mind that we
may have to deal with the previous level at 720.00
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactis and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colourful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these informations
is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the all time highs (violet dotted line) and the
neckline stands at 754.00 level. A breakdown would
also breach the 200 days EMA.
If prices go towards the target, keep in mind that we
may have to deal with the previous level at 720.00
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 685.00
- Breakout area below: 743.00
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactis and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colourful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these informations
is at your own risk.
════════════════════════════════
Disclaimer
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