AEX : sideways 452 - 482, look for outbreak next weekHi everyone, I get many questions about what is going to happen now, it is important to know that there is now a sideways movement going on between say 482 and 452. I now have to wait for an outbreak before I take a longer term position again (because I am not a day-trader).
In the hour chart there is a double top at 482, at the bottom the MA50 (orange line) has to be broken and the RSI in bear-market range (below 50) before we can speak of a clear short signal.
If the MA50 does provide support, a new attack can take place on 482, an overshoot to 530 is then equally possible since there is still a gap open which can be closed, but we are not yet there.
When you have a short position take into account a large stop loss above 530.
So now neutral, wait for a further signal;)
Regards,
TT
NL25 trade ideas
AEX still has lots of room to go downWe haven't seen the worst yet. As new numbers from authorities come out, scenario seems to be getting more and more bearish. One of the most important levels is around 385 points, which we will probably test soon. After that there is a big drop down. If we compare to previous drops it isn't strange to think we can go as low as -60%.
AEX 485-500 Short Opportunity2001:
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 positive trendline and from that moment dropped 57% in the following 61 weeks.
After breaking that trendline the price recovered until slightly above the initial break point again (just like in 2001). From there the real downward rally continued again (just like in 2001). In hindsight this point of recovery would have been an excellent short opportunity again (just like in 2001).
2020:
AEX broke the 11 year positive trendline, a similar thing that happened in 2001 and 2008.
The price dropped sharply but is now recovering slightly. If the price recovers the next few weeks to 485-500 this would give a similar short opportunity as we have seen in 2001 and 2008.
Let me know your thoughts :)
PS: a more or less similar opportunity can be spotted when looking at S&P500 and DJ30.
AEX : bounce back target 462 - 482Hi everyone,
From now on, I will discuss for the shorter term in the coming period to be able to do some driving. We see that after a consolidation (rectangle) there is now an outbreak for what to recover towards the outstanding gap around 482, this seems to be the maximum that can be achieved in the downward trend. This would also test the previously broken long-term support line. See that we are also back in the declining channel which will provide the direction for the coming weeks.
1. Continuation pattern rectangle: target 462
2. Back-test broken long-term support line / closing gap: 482
3. MA50: bullish
I explicitly state that there is still no long-term bottom and that we are recovering within the downturn!
Regards,
TT
UPDATE: #AEX - "Financial recession is a fact!"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 misused by the financial market to justify correction that has long been established! It will take approximately 10 years for the financial market reach the bottom.
AEX : bloody monday 3.0 (temporary) bottom in sight 380Hi everyone,
After the breakthrough of the long-term support line, sales have accelerated, the M-pattern had a price target around 380, which has almost been reached, and a temporary upturn is expected here. If you invest for the longer term do not yet board! . The markets are heavily oversold, there is no long-term bottom yet! An upswing should be seen as a correction within the downward trend
Support : 380
Resistance : 430 / 460 /478
Good luck traders! and take care of one another.
Regards,
TT
2020 End of AEX BullrunNo '100% proof' analysis, my personal idea of the future of the chart. ATH has been hit and is still funnelling. Personally not thinking of a much higher hit in the future of 2020.
Complete random analysis with personal view of interpretation.
Comment with your own view on the market or this chart, no harm in a disagreement.
AEX : Bloody monday 2.0 : Reanimation Hello everyone,
After the bloody Monday of 2 weeks ago, there was another one yesterday with an even greater calliber, partly caused by the viruses. In the meantime, we have arrived at the bottom of the long-term trend channel, it is important in the coming period whether it can hold, if not there will be an even greater fall.
There is still a gap (skipped course) open around 530 , I expect this to be closed at the next recovery.
I would just like to point to the larger picture with the formation of an M-pattern, this is top pattern when this is rounded off, this gives a course target the size of its size downwards. The dividing line is around 472 . If it breaks then there is a target of around 377 ! To keep in mind !
Support: 485/472
Resistance: 530
Good luck traders!
TT
AEX: bloody monday : major support zone 580-590Hello everyone,
Today an exceptional movement, hence this analysis. Anxiety is not a good counselor. With today's major decline, a gap has been created (skipped price area) of just 10 points. These are usually closed again later when the market has calmed down. We have almost reached an important support zone 590 - 580, below we can really speak of a trend change. More later !
Support : 590/583/577
Resistance: 602/612
Greetings,
TT
AEX : into higher levels Hello everyone,
After the MA50 was broken (short signal) a higher bottom was formed at 590 and strongly rebounded back by the MA50, this has in fact been a bear trap with a reverse strong movement as a result. I have waited a while for confirmation with an outbreak by the red top line and negative divergence in the RSI.
Today the red top line has been broken as well as the falling resistance line in the RSI, this results in a further continuation upwards towards 640. Downside is the gap at 617 which can still be closed.
Resistance lines: 640
Support lines: 621/617
Success traders,
Regards,
TT
AEX: downbreak, 580/583 target zoneHello everyone,
After a long period of bouncing sideways, a breakthrough happened today due to the rising support line accompanied by the MA50 (purple line). this results in a short signal whose final goal cannot yet be determined, I think a fall back to zone 583 is possible, here also lies the neck line of the previously formed inverted SHS pattern.
Support lines: 595/590/583
Resistance lines: 603/610
RSI: negative divergence showed peak formation, it is now important that the indicator stays above the development line
MA50: the short signal remains valid as long as it remains below this average, above it again long!
Success traders!
regards,
TT