Short term view - AEX 25 : The moving average is capping prices.
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain below the invalidation level at 533.91 pts. It can resume at anytime towards the target at 489.80 pts.Arguments :
- Prices are pulling back to the resistance level (previously a support). The fall will resume afterwards.
- The 38% retracement is causing the bounce.
- The moving average is capping prices.
- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
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