AEX
AEX bounced off support, potential for further rise!AEX bounced off our first support at 474 (horizontal overlap resistance, 100% fibonacci extension , 50% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 61.8%, 38.2% fibonacci retracement , horiozntal overlap resistance).
Stochastic (55,5,3) bounced off support where we might see a corresponding rise in price.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 501.3 (78.6%, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 477.2 (78.6% fibonacci retracement, 61.8% fibonacci extension,horizontal swing low retracement).
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-INDEX Technical AnalysisMonthly chart of the AEX-INDEX
If you see the chart you'll understand.
Some points
- MACD is crossing again.
- AEX touched resistance zone, same as in 2008
- AEX failed to continu uptrend channel
Look also to my idea of S&P500, link bellow.
If you have any questions please leave a comment, I'll answer asap.
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AEX bounced off support, potential for further rise!AEX bounced off our first support at 474 (horizontal overlap resistance, 100% fibonacci extension , 50% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 61.8%, 38.2% fibonacci retracement , horiozntal overlap resistance).
Stochastic (55,5,3) bounced off support where we might see a corresponding rise in price.
AEX approaching support, potential bounce! AEX is approaching our first support at 474 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 61.8%, 38.2% fibonacci retracement, horiozntal overlap resistance).
Stochastic (55,5,3) is approaching support where we might see a corresponding bounce in price.
AEX - Daily Key Elements These are the key levels to look out for when analysing AEX, please refer to our 4 hour chart for a strategic view!
AEX Bounced Off Support, Potential For A Further Rise!AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension ).
Stochastic (89,5,3) is bounced off our support and we might see a further rise in price.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 495.2 (61.8%, 38.2% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 471.9 (61.8% fibonacci retracement, horizontal swing low support).
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 Bounced Off Support, Potential For A Further Rise!AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic (89,5,3) is testing our support and we might see a further rise in price.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 495.2 (61.8%, 38.2% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 471.9 (61.8% fibonacci retracement, horizontal swing low support).
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 Bounced Off Support, Potential For A Further Rise!AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic (89,5,3) is testing our support and we might see a further rise in price.
AEX Bounced Off Support, Potential For A Further Rise!AEX bounced off our first support at 474.74 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension ).
Stochastic (89,5,3) is testing our support and we might see a further rise in price.
AEX - Dailiy Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
AEX approaching support, potential bounce! AEX is approaching our first support at 475 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 534 (61.8% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce 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
Why the AEX will enter a longterm multi month bear!World Markets have been doing bad last few months, early signals were bearish divergences, reversal and outbreak of 30 Year US Interest Rates downtrend Channel.
