0H6G trade ideas
AES Buyers Strong?
Over the past one month, we have seen that there is a short term selling pressure from its all time high. Yesterday, we have seen that buyers are defending the psychological support of 17.00. Thus, with an ideal uptrend that is still intact, we will expect prices to reach 17.90-18.00, where profit taking might take place again
AES Daily - Harmonic Bearish Cypher PatternWith price nearing the overhead resistance line, 3 red candles in the last 3 days & the probability of mean reversion to the Kijun-Sen line against the background of bearish current market sentiment, it would be interesting to see how this pattern will work out.
AES - Long up to $13.00 if an upward breakout occursAES is bullish since completing the inverted head and shoulders pattern at the end of February last year, and now nearing completion of a wedge with support at $11.00. Expecting to see a move up to resistance at approximately $13.00 if an upward breakout occurs.