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AEL Prediction (2024 Dec 11) - Retracement

Not a BHS recommendation. Just Sharing my idea.

AEL.N0000 - The overall trend is uptrend.
TimeFrame - Daily

Higher High is formed @31.80 and Retracement is already happening

Possible reversal @29.80 (From the highlighted green box)

Confirmations for the reversal -
  • Fibonacci levels (0.66 and 0.618)
  • The Previous Up-Trend Resistance has now become a Resistance
  • Hidden Regular Divergence is possible which is a Trend Continuation Divergence


Expecting Reach the Price to 35 which is a Weekly Resistance
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As predicted price reached the 35 target.

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