It has been a party for the Dutch AEX for a while. However, the first signs of trend reversal are visible.
- Bearish divergence for a quite some weeks
- Shooting star candle (which is a candle pointing to trend reversal) as bounce from the bottom trendline which is contrary to the strong previous bounce back of the bottom trend line
It is an early call since...
As shown in the graph, the AEX index is at a crucial point. If they break the small resistance line, we can expect uptrend movement to around 800-805 points. If the resistance line holds, we can expect more downtrend or sideways movement to potentially 778 points. Drop a comment in the comment section and a like if you agree with this prediction and/or have other opinions!
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...
First sign of declining growth in confirmed cases (not a decrease in cases, slowly diverging from exponential growth curve ... probably effects of government measures).
Due some good nows about Gulden it is rising fast. At the moment of writing we are allmost at 10% in green after a gain of 11% yesterday.
A big Dutch news website announced that it will accept Gulden donations next week. This is an enormous boost for the Gulden. More people will hear about it and find out what Gulden is. So my advice, buy Gulden now. We all know...
