AEX: double top with consequences

25 Jun 2020

Hi everyone, Tuesday an attempt was made to break through the previous summit of 472. This did not work, there is now a double top which is a negative development, yesterday we also fell on the hour chart by the MA50, a sales signal for me. I now focus on the following levels 544 (closing gap 15/06/20) and eventually 530. See that there is also a big M pattern in the making, this could have big consequences if the 530 can't hold? but we are not there yet.

I give updates regularly, follow this idea when interested.

Good luck traders!

regards

TT

26 Jun 2020

Nota

Hi everyone, the bulls are looking forward again given the rapid rise yesterday and an upward opening today. For this idea it is important that the MA50 is not broken, at the moment we have already arrived there, there is an open gap open this morning around 562 which can start to pull again ... if the MA50 is broken, there will be another attack on top of 575 happen. Important decisive zone 566!

1 Jul 2020

Nota

Hello everyone, the short signal still remains, this morning there was another attack on the MA50 in the hour chart that has been successfully turned off for the 4th time already. As long as these are not definitively overcome, the target will remain 544 (gap close) and possibly 530 that I expected sooner, but not yet, the bears have yet to wake up ;)

6 Jul 2020

Nota

Hi everyone, the bears have not woken up anymore with the 5th attack on the MA50 it had broken upwards which has led to a new attack to 575, this morning it has broken through with an upward gap which can lead to further upward movement. Attempts are currently being made to close the gap to 574, it is important that 572 now acts as a support zone and the next target would be 583/603/613. Under 572 there is the danger that the bears will still come out of their burrow.