AEE - Attempting to Break Long Term ChannelAEE has formed this long term channel on the Monthly timeframe
Viewing it on the Weekly we can see more clearly how price is attempting to breakout with this flag structure.
Really bullish if it breaks.
AEE
AEE - Top of Channel RejectionPrice has reached the top of a very long term channel
This is shown with the rising white line against the upper channel band
I expect price to return to the middle of this channel
I have shown this return to middle with the bars pattern tool
Rejection will likely be at around 100
$AEEBit pumpy-dumpy. A colourful FA story.
OIt's dropped ito a ?symm wedge or desceending triangle on the 1-15min time scales
BUt zooming out, may dosome more dumping/retesting, but those VWAPs should be a floor even if it pulls back lower at 21-22c.
$AEE anyone know anything about these guyshella falling wedge. Nice volume being accumulated for a smash pump pumpety pump!
AEE approaching support, potential breakout! AEE is approaching our first support at 66.99 (horizontal overlap support, 23.6% Fibonacci retracement) and a break below this level might see a strong drop in price to our second support at 62.91 (61.8% Fibonacci extension).
RSI (55) is also approaching support and a break below this level might see a corresponding drop in price.
AEE showing strength (Watchlist)AEE
Bullish Indicators
RSI creating Higher lows on same price level on Weekly . Previously formation played out with over 80% gains.
Massive volume in lately
Weekly MACD looking to diverge
Weekly cci turning to show strengh
Patience plays off so wait for the touch of support zone at .020 cent for good entry
Reasons:
The 4 hour MACD crossed bearish
The Daily MACD diverging and looking to cross Bearish.
Scouting entry again on support zone @ .0.20 cent if order gets filled here it will be a gift in my opinion.
Target Zones TA & TB in Green @
approx = .036
approx = .050
Stoploss = 0.019
Happy trading ;)
