AEX is forming Head & Shoulder pattern with neck line around 437.5. When neck line doesn’t hold, the AEX could drop until around 410. This will form the head of another Head & Shoulder pattern.
As a top got confirmed together with change in momentum, negative crossing of stochastics, i'm looking towards next levels.
446 as a support and bottom trendline.
Area around 438 again as support and bottom trendline.
A short position should be held as long no bottoming has formed around those levels.
Purpose is to let profits run.. everyone wants that.
So the...
30/09/16:
Db just had a huge correction forcing Germany or ECB to step in pritty soon.
With this burden on an all time low its less to bother about for indices.
Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then.
And does the world really need a new financial crash?
I dont think so...
We recently had an...
AEX seems to form a Head & Shoulders pattern, similar like in 2005-2008. Pattern starts with forming the left shoulder in summer 2013. And right shoulder starts February 2016. Right shoulder could make a top around end of first quarter 2017.
US and Asian markets closed lower last friday. AEX opened very low.
AEX recover till end of week. General sentiment is positive, although Draghi made it less positive last thursday.
If we look at the AEX we are seeing an uptrend, but if we look at the FTSE, we are seeing an breaking-out above the upward trendline. If we look at the RSI index we are seeing an really long trend the last time above our upper band. If we look at the MACD we have some pression the last semair.
If are looking aging at our stockimage in the bollinger bands there...
