This chart could be a perfect example of why you should use caution when dealing with a volatile price chart. We’ve seen this with Bitcoin recently: The price goes up in a steady line, maybe in a parabolic fashion, before the trend weakens. A slowing down of a trend is not necessarily bad. For example: the price went up almost 30% between the first and the last...
After the fake out, the scenario suddenly looks the same as in February and March. Small support lines do not seem to have a grip. And the price is totally separate from the 200, 50, 20, 10 MA. The death cross seems like a matter of time. The question is at what pace will this happen. And when can the price find support to drop even further. (Or am I pessimistic ..?)
Ones of those stocks that outperfoms markets, every index has a few, about 20/25% actually, this is one from the AEX25 index. It went up from support, going for 1512 again.
The question is, which way it's move next. Break down is more propably right now, but we neet to wait.
Looking at the AEX i chart, this bearish pattern is quite easy to spot. At the previous two tops AEX printed: A high (yellow) Followed by a higher high with a drop to the low of the yellow zone (green) Followed by a retracement to around mid green zone and a big dump (red) Retest of support turned resistance (orange) with a final big dump afterwards. ...
01/04/2020 #AEX shall close cap before it will continuing!
In 2002 the AEX made a big drop to 380 points. After that point the AEX made a rally up to 528 points. Back to now, this year we als made a big drop to 390 points. 29 april we reached the 528 points. Yesterday we saw a big red candle, does this mean we have seen the top? If we look back at 2002 the answer is yes ;)
Let's look at the Dutch AEX index. The prices seem to not have recovered as much as the american stock markets, giving us more opportunity to trade with higher percentage gains. However, I am starting this one with my analysis on an upcoming short trade. I'm not a huge fan of this inverted fibonacci retracement, but saw it getting very popular on charts recently...
google: rising wedge and see for yourself possible outbreak down!!
2001: AEX broke the 4 year positive trendline and from that moment dropped 57% in the following 105 weeks. After breaking that trendline the price recovered until slightly above the initial break point. From there the real downward rally continued. In hindsight this point of recovery would have been an excellent short opportunity. 2008: AEX broke the 5 year...
UPDATE: #AEX - "Financial recession is a fact! Depression is coming!" Feb 19 UPDATE: #AEX - "Financial markets will goes into years of recession!" Financial market is going to prepare itself for a long-term downward movement. Some financial experts will call this an economic depression the coming period! Mar 02 Trade active: #IEX #AEX #coronavirus is being...
I think its an simple abc move down thats extended to the 2.618. Also good support at the price fibonacci giving me.
Stock price will hit near the 1.50 afterwards will it be bullish €€€€€
The death cross occurs when a short-term moving average crosses over a major long-term moving average to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term...
AEX is approaching our first resistance at 534.4 (61.8% fibonacci retracement , 100% fibonacci extension , horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 505.7 (50% fibonacci retracement , 61.8% fibonacci extension ). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop...
AEX is approaching our first resistance at 538.32 (78.6%, 61.8% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 513.59 (38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should...