BEL20: Lower long term buy opportunity on the Belgian market.

The Belgian stock market is on an aggressive sell of since late April (1D RSI = 31.496, MACD = -58.680, Highs/Lows = -51.2357) after it failed to break the 3,870 - 3,910 1W Resistance Zone. The symmetry on a peculiar 1M Head and Shoulders pattern is uncanny so we will be using the 3,200 - 3,330 supply zone (red rectangle) as a continuous buy entry until the 1W Resistance Zone breaks. Our TP is initially 3,800. Keep an eye also for a potential Golden Cross as confirmation.




** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.