FlowState

AEX approaching support, potential bounce!

Long
EURONEXT:AEX   Indice AEX
AEX is approaching our first support at 511 where a strong bounce might occur above this level pushing price up to our major resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level.
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