Hi traders, As you all know, I believe the bearmarket has finally started since February 17 2020. I have been thinking, for a few weeks, about the wave down of July 16 to Augustus 16 and the following wave up to October 12 2007. I really feel we will get a similar kind of follow up in the coming 2-3 years into 2022. Timewise, the top should be very close. Our...
Hi traders, I still remain bearish for June, but we are still in the beginning of the month. I tried one short position that failed and since than I am just analyzing and waiting for a big signal that will accompany my bearish view. For now, a big uptrend is in progress with a few positive reversals already (see the orange lines). These reversals come from the...
Hi to my fellow Dutch stockmarket 'liefhebbers' and others from around the world! I have been tracing this Bearish Butterfly for more than a week now. This might very well point to the top of the bearmarket rally from March. A sidenote: Harmonics are valid WHEN THEY ARE VALID... Until that time, it is a pattern that seems to be in progress but proof is always...
Looking at the AEX i chart, this bearish pattern is quite easy to spot. At the previous two tops AEX printed: A high (yellow) Followed by a higher high with a drop to the low of the yellow zone (green) Followed by a retracement to around mid green zone and a big dump (red) Retest of support turned resistance (orange) with a final big dump afterwards. ...
01/04/2020 #AEX shall close cap before it will continuing!
Today I am sharing my longer term vision for the worldwide stockmarket. However, since I am a Dutchie, I will use the AEX to show you what I think is coming. I will keep it brief: the crashwave from February and March this year has been the start of (at least) a 2-3 year bearmarket into 2022 I would say... How can I say this? 1. I have seven years experience...
For what it's worth: Shell compared to AEX, using an indicator of my own devices.
In 2002 the AEX made a big drop to 380 points. After that point the AEX made a rally up to 528 points. Back to now, this year we als made a big drop to 390 points. 29 april we reached the 528 points. Yesterday we saw a big red candle, does this mean we have seen the top? If we look back at 2002 the answer is yes ;)
Despite all the gloom and doom, markets showing a surprising resilience. (Graphs are a multi timeframe approximation: "top/bottom", per day/week/month)
Let's look at the Dutch AEX index. The prices seem to not have recovered as much as the american stock markets, giving us more opportunity to trade with higher percentage gains. However, I am starting this one with my analysis on an upcoming short trade. I'm not a huge fan of this inverted fibonacci retracement, but saw it getting very popular on charts recently...
short incl. support and resistance levels. entry 510-500 target 1 - eye 1 target 2 - eye 2 target 3 - eye3 Stoploss 538.5
RSI going low.... Volume indicator is going lower... Do we see some red days this week on the AEX??
google: rising wedge and see for yourself possible outbreak down!!