AE seems to be in an accumulation zone with highers lows since May 13.
Currently above its oblique support, AE seems ready to break its wedge configuration !
Why open a long position ?
- Hidden bullish divergence between CCI and prices
- Above oblique support
- WaveTrends cross
- CCI positive
The signal
Buy : Between 6000-6300
T1 : 6500 (Wedge resistance)
T2 : 6750 (< old resistance)
T3 : 7700 (Mid-term target 23.6% Fib)
Stop : Under the oblique support (< 5700)
You may sell 33% of your position at each target !
Currently above its oblique support, AE seems ready to break its wedge configuration !
Why open a long position ?
- Hidden bullish divergence between CCI and prices
- Above oblique support
- WaveTrends cross
- CCI positive
The signal
Buy : Between 6000-6300
T1 : 6500 (Wedge resistance)
T2 : 6750 (< old resistance)
T3 : 7700 (Mid-term target 23.6% Fib)
Stop : Under the oblique support (< 5700)
You may sell 33% of your position at each target !
Trade attivo:
Target 1 reached this morning, hope you took some profit there !