I see the structure presented as a bullish one that will likely act with an upward response when the green line is hit or even a bit before that. The prior top also printed a higher high which is another good bull sign. Bullish entry! Hourly chart
Symmetrical Triangles tend to break out bullishly Another trend line can be drawn at the 'mouth' of the symmetrical triangle This allows a break out curve (double curve) to be drawn out of the triangle
We are in resistance of a descending channel! Buying is a little bit risky but worth it.
AES has formed and broken out of a beautiful symmetrical triangle It is still early in the break out, price could lead much higher, as suggested by the comparison to BKR Strong Buy for AES
AES CORPORATION : Text book ascending triangle . Ascending triangle patterns usually occur in trends and acts as a continuation pattern. It's defined by a bullish trending move followed by two or more equal highs and a series of higher lows. The pattern is complete when price breaks above the horizontal resistance area. The pattern is considered successful if...
Hey traders. Just noticed this prebreakout formation at H4 timeframe!
NYSE:AES Possible Scenario: LONG Evidence: Price Action TP1 ~29.5$ This is my idea and could be wrong 100%
BREAKOUT OF LONG STANDING RESISTANCE. BACK TEST TODAY. IF THIS HOLDS GONNA BE A GOOD ONE PROBABLY. STOP LOSS UNDER RESISTANCE OBVIOUSLY.
AES This investment is for more long-term portfolio since its a the Electric Utility Good safe haven +Dividends) ; however,,, I do see swing trade to $16; Long-Term $18 to $22.
Most probably this stock is in the recovery stage. If it doesn't, then we can anticipate a move heretofore the death rattle. A break above the red line may expose to 127% of the fibo extension. Let us closely watch this pair and see what happens.
i would buy AES at the following level and sell it a the (12.13) fibonacci retracement level. short term trade but profitable