AEX Bearish, YES We've Reached The Top!Hi Guys,
Normally I do Cryptocurrencies, but today my country's AEX Index. I strongly believe we've already reached the top. And after a 10 year long bull market, it's time to take profits.
I haven't bought any stocks, only bonds. But I will short when AEX drops under the 500 points. I already opened a short when it dropped below 500 points. But I had to take my loss when the price moved up again.
According to the emotional cycle, we are just in Denial phase. So you're doing good to take your profits and short the down side.
Happy Trading!
NL25 trade ideas
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 538.15 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal pullback resistance) where a strong drop might occur pushing price down to our major support at 500.92 (Horizontal swing low support, 61.8% fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
AEX approaching support, potential bounce! AEX is approaching our first support at 500.92 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 521.87 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price above this level.
AEX approaching support, potential bounce! AEX is approaching our first support at 500.92 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 521.87 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop! AEX Index (EURONEXT:AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 516.29 (horizontal pullback resistance, 23.6% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension ).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 517 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.