AEX
Death CrossThe 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 moving average crosses below its long-term moving average.
The death cross indicator has proven to be a reliable predictor of some of the most severe bear markets of the past century: 1929, 1938, 1974, and 2008
As we can see it occured in 2008 aswell and the chart and other indicators (RSI and stoch RSI, but also ichimoku cloud and few others) are almost indenticial to when the crash in 2008 happened.
The AEX will take a big hit and may fall to 0.786 fib. level and perhaps lower.
AEX Short IdeaThe AEX is starting to form a pattern I recognize as the Rising Wedge pattern.
This could be an interesting short-term short. Wait till the yellow line has been broken before entering the short.
target price would be either 534, caused by the strong daily support (red horizontal line) Or it would be 525 creating a new daily support line.
AEX approaching resistance, potential drop!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 in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AEX approaching resistance, potential 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 it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AEX Kingsday AVWAPPretty funny, price is against the AVWAP from kingsday 2017 and 2018
Bearflagging here, could turn into a nice short
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 511.53 (38.2% Fibonacci retracement, horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 474.74 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 512.2 ( Horizontal overlap resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 477.9 (50% Fibonacci retracement , horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 511.53 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 474.74 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 510 (61.8% fibonacci retracement, 61.8% fibonacci extension, descending channel resistance, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 485 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 511.53 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 474.74 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
AEX - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
